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Delta Air Lines says it will pull all planned capacity growth from the June quarter.
Delta will cut planned capacity growth by 3.5 percentage points in the June quarter.
KEY POINTS
- Delta expects to pay $4.30 per gallon for jet fuel, adding $2 billion in costs year-over-year.
- Delta aims to recover only 40% to 50% of higher fuel costs through fare increases in Q2.
- Delta expects a $300 million benefit from its refinery in Q2, up from $60 million in Q1.
- Delta raised checked-bag fees and signaled these higher fees may remain due to fuel costs.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →