Outlasted two companies
- Nov 30, 2003
- Total Time
U.S. airline fleets to shrink by more than 500 planes
According to a count by JP Morgan, U.S. airlines are taking 512 aircraft out of service this fall -- the equivalent of grounding Northwest Airlines' entire fleet. The number of mainline jets will shrink by 7%, while more than 11% of regional jets will be taken out of service. Among the big carriers, United Airlines is making the deepest cuts, grounding 94 737s and six 747s.
From the ATA news room. I don't have a WSJ subscription so I can't get the full article.
This will most likely be good news for the fractionals.