Delta Vows to Cut Seating Capacity If Needed to Boost Fares
- Airline puts focus on reversing unit-revenue declines
- Profit beats estimates as inexpensive fuel offsets weak demand
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Delta Air Lines Inc. will cut seating capacity if it can’t make speedy progress in turning around flagging fares.
Reductions may be needed in the fall as Delta seeks to reverse five straight quarters of falling unit revenue, a crucial yardstick for airlines, the Atlanta-based airline said. While it said the measure would drop again in the second quarter, the pace of the decline is expected to slow.