Delta: Japan Crisis To Cut Revenue By Up To $400M
NEW YORK (AP) - Delta Air Lines Inc. plans to scale back the amount of flying it planned to do this year because of the crisis in Japan and rising fuel costs.
The No. 2 U.S. airline said Tuesday that 2011 revenue will be reduced by $250 million to $400 million due to the situation in Japan.
For Delta, American, United and Continental, the disruption to their Japan service comes as they're already making changes in the face of sharply higher fuel costs. U.S. airlines have implemented eight across-the-board fare increases so far this year; Delta led four of those. Fuel costs have tracked a 38 percent increase in the price of oil since Labor Day.
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