Delta reports Japan operations returning to normal, US market strong
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.
- Delta Air Lines' operations in Japan are returning to normal after the earthquake and tsunami, with about 40 flights per day.
- The carrier is cautious about its approach to Asia due to the impact on demand caused by the natural disasters.
- Delta Air Lines CEO Richard Anderson mentioned that the domestic market in the US is strong, but there is weakness in the trans-Atlantic business.
- GOL Linhas Aereas Inteligentes plans to make redundancies to save USD27 million annually and return two B767 aircraft to save an additional USD12 million per year.
- The specific operations to be eliminated by GOL have not been announced yet.
- Delta Air Lines' shares rose 1% on a mixed day in trading, while GOL's shares eased 0.1%.
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
