Delta to cut flights from Cincy to London, Frankfurt - Dayton Business Journal:

efenytan.wordpress.com
The Atlanta-based airline, which is the largest carrier flyiny outof , will reduce its overall systemk by 10 percent compared with 2008, due to declininv passenger revenue and higher fuel prices. International capacity will be cut by another 5 Delta said, citing reduced demand for overseas travel. This followws previous reductionsin March, making for a totak international capacity cut of 15 percent. In a memo to CEO Richard Anderson and President Ed Bastian said passenge r revenue is down almost 20 percenty in the first four monthx ofthe year, compared with the same periodf in 2008.
“That trend is expected to continue in the near On topof this, cost pressures from rising jet fuel prices – up more than 20 percenft since the start of the year coupled with softer travel demand due to the spread of the H1N1 have created a difficult business the executives wrote. The declining revenue will offsety morethan $6 billion in cost savings Delta expected this year from lower year-over-year fuel prices, mergert benefits and capacity reductions. “The additional capacity reductions mean we again must reassessstaffinbg needs,” the executives wrote.
“While the challengess of the current environment preclude us frommakint guarantees, our goal remainx to avoid any involuntary furloughs of frontlinre employees.” Besides the Cincinnati cuts, Deltaq (NYSE: DAL) will suspend nonstop servicr from Atlanta to Shanghai and from New York-JFK to Scotland. It also will reduce the numberd of flights from Atlanta and Detroit toMexico City. At the same Delta is adding flights between other some of which havebeen announced, including Detroit to Shanghai, New York to Prague and Salt Lake City to Tokyo.