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Delta Cuts Growth Plan in Bid to End 15-Month Revenue Slump

  • Airline cites rising fuel prices, weak foreign economies
  • Delivery of four Airbus wide-bodies is delayed at least a year
Updated on

Delta Air Lines Inc. will trim planned growth for the second half of 2016 and delay delivery of four jets as the carrier attempts to reverse a revenue decline that has extended more than a year.

The second-largest U.S. airline will hold expansion to less than 2 percent as it pares domestic capacity increases to 2.5 percent in the fourth quarter from at least 4 percent during the first nine months of the year. International capacity will be unchanged to down, Delta said in a U.S. regulatory filing Monday, citing rising fuel prices and weak foreign economies.