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Delta reports Japan operations returning to normal, US market strong

25-Mar-2011

Delta Air Lines CEO Richard Anderson stated the carrier’s operations in Japan are returning to normal and it is now operating about 40 flights a day. The carrier is taking a careful approach to Asia at the moment, because of the effects on demand stemming from the Japanese earthquake and tsunami.

Mr Anderson also said the domestic market in the US is “pretty strong” although there is some weakness in its trans-Atlantic business. Shares in Delta Air Lines rose 1% on a mixed day in trading.

GOL Linhas Aereas Inteligentes announced plans for redundancies to save USD27 million a year and return two B767 aircraft to save a further USD12 million a year from 2Q2011. The company has not yet specified which operations it will eliminate. GOL shares eased 0.1% yesterday.

Selected AAD daily share price movements (% change): 24-Mar-2011


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