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23-Mar-2011 11:38 AM

Delta to retire 120 fleet, reshape hedge portfolio, reduce Memphis departures

Delta Air Lines announced at the JP Morgan Aviation, Transportation and Defence Conference that rising fuel prices are projected to increase the carrier's fuel expenses by USD3 billion, or 35% over 2010. The carrier plans to adapt to this increase by reducing 2H capacities, retiring 120 of its least efficient fleet over the next 18 months including DC9−50, Saab turboprop fleets and 60 50-seat regional jets, and reshape its hedge portfolio and lock-in hedge gains. The carrier plans to reduce its Memphis departures by 25% and reduce capacity in under-performing trans-Atlantic markets.  [more]