Major U.S. Airlines Announce Flight Cancellations, Cost-Cutting Measures Due To Coronavirus Written 11 March 2020
The Wall Street Journal reports that Delta and American have both announced capacity cuts amid the coronavirus outbreak. Delta plans to cut international capacity by up to 25% and domestic capacity by up to 15%. The airline will also defer $500 million in capital expenditures. American indicated that it will reduce domestic and international flights by 7.5% and 10%, respectively. Additionally, both United CEO Oscar Munoz and Southwest CEO Gary Kelly announced plans to adjust their salaries until the beginning of the summer.
Full Story (Wall Street Journal)