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Delta Air Rallies on Plan to Curb 2016 Seat-Capacity Growth

  • Lower fuel costs help overcome weakening airfares worldwide
  • A benchmark revenue gauge is still dropping, but more slowly
Bloomberg business news

What to Takeaway From Delta's Earnings

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Delta Air Lines Inc. rose to its highest price in almost nine months after pledging to keep a lid on seating-capacity growth through next year to help regain pricing power against discount rivals.

The supply of available seats will increase by no more than 2 percent in 2016 after being unchanged this quarter, Delta said Wednesday. Matching the supply of tickets to travel demand is crucial, especially with some low-fare carriers taking advantage of falling fuel prices to pile on more flights.