Delta plans a 12% reduction to Europe

[redflyer65]

Delta to trim Europe

Old link. Sorry guys. See below.

 

[dugan jones]

http://aviationblog.dallasnews.com/archives/2011/05/delta-partners-to-reduce-capac.html

Isn't this article from may 2011?

 

[redflyer65]

Here's the new one. Sorry.




http://www.cnbc.com/id/47463698

Shares down 8 percent today for no reason...maybe just overall market related. Nice run recently though.

 

[GogglesPisano]

Yes.

Here is the latest news. It's a 5% reduction. 2012 overall is 1% further down than previous forecasts.

http://wallstcheatsheet.com/stocks/this-delta-news-is-dragging-air-carriers-lower.html/

 

[redflyer65]

Thank GP. Does anyone know if this is in-line with standard Labor Day reductions? If so, then really nothing new.

 

[B727FA]

As I read it it's the "regular" fall pull-down.

 

[General Lee]

I read they were stopping JFK to Rome (normally a year round flight) this Winter, which is something they have never done. Of course Alitalia is now our Joint Venture partner, so they will continue it obviously. United (CAL) also announced the same for EWR to FCO this winter, which they haven't done before either. The economies tanking over there is to blame, and running flights over there during their slow period, losing money, probably isn't the right thing to do. I believe both airlines will resume flights there in the Spring. I think Spain, Italy, Portugal, and Greece are really going to get hit hard soon, and many of the European airlines (AF, KL, LH, etc) are having huge losses as we speak.


Bye Bye--General Lee

 

[Freebrd]

spin spin spin Jenny lol

 

[Twisted Mind]

General lee,
These joint ventures are going to soon eat your lunch.

 

[ultrarunner]

It'll be interesting to see what happens when the Germans stop writing some of the checks!