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

23-Mar-2011 11:38 AM

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]