News tagged with “cut capacity”. Found:
6 tagged news reports.
Your Search Returned 6 tagged news reports
Delta cuts capacity, blames rising fuel prices
Atlanta :: GA :: USA | 5 months ago
Credibility
Delta Air Lines announced plans Thursday to reduce its system capacity by 10 percent as compared to 2008, due to declining revenues. The company initially said it planned to cut capacity by 6 to 8 percent. In a memo released to the company's 70,000 employees...
Tags: American Airlines, Delta Air Lines Inc, cut capacity, Delta Airlines Ed Bastian, largest airline, Bank of America-Merrill Lynch
Ford cuts production in Europe
Cologne :: Germany | 8 months ago
Credibility Ford executives battened down the hatches for a prolonged downturn in demand stretching years ahead by warning of more cutbacks to come. Their comments came as consultants said cumulative cash burn this year could be between €18bn (£16.6bn) and €30bn...
Tags: Ford Europe, Ford of Europe, Ford Motor Co., Northern Ireland, John Fleming, cut capacity, sustainable profitability, New York, Cologne
Airlines hit by falling demand
Hong Kong :: China | 8 months ago
Credibility Cathay Pacific recorded a net loss of $1.1bn (£802m) for the full year, blaming falling demand for flights and high fuel prices at the start of 2008. Aer Lingus posted a net loss of $136m, compared with a $133m profit in 2007. Finally, Lufthansa's net...
Tags: Hong Kong, Cathay Pacific Airways Ltd., Airline Cathay Pacific, net loss, fuel prices, cut capacity
Singapore Airlines to cut capacity, ground planes
Singapore :: Singapore | 9 months ago
Credibility The carrier said it will reduce capacity by 11 percent between April and March 2010 from the previous twelve months and decommission 17 aircraft after air cargo shipments fell 20 percent recently. "The drop in air transportation has been sharp and swift,"...
Delta details planned capacity cuts
New York City :: NY :: USA | 12 months ago
Credibility The Atlanta-based carrier's president, Ed Bastian, is speaking to investors Tuesday during a conference in New York. In a regulatory filing ahead of the speech, the world's biggest carrier says domestic capacity in 2009 will be reduced 8 percent to 10...
Tags: airline, delta, Southwest Airlines Co., Delta Air Lines Inc., U.S. Airlines, American Airlines Boeing, AMR Corp., Gary Kelly, New York, cut capacity
Alaska Airlines to cut capacity, slash jobs
Seattle :: WA :: USA | about 1 year ago
Credibility Alaska Airlines said Friday it will cut capacity by 8 percent this winter and slash up to 1,000 jobs, as high fuel costs and a weak economy provide a "one-two punch" to the carrier's bottom line. The job cuts represent about 9 percent to 10 percent of...
Tags: Alaska Airlines, cut capacity, job cut, cut represent, fuel costs
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