Delta Airlines To Slash Flight Capacity By 40%

Axios reports:

Delta Airlines will reduce its flight capacity by 40% for the next four months due to the novel coronavirus pandemic, a dramatic increase from the original 15% reduction, CNBC reports.

The airline industry has had to curb flights as it grapples with lack of demand, as Americans are advised to avoid nonessential travel. CNBC notes Delta is seeing negative net bookings over the next 4 weeks and as a result CEO Ed Bastian with forgo his entire salary for the year.

What’s happening: Travel agents are being inundated with calls and emails from panicked clients canceling trips and seeking refunds.

BREAKING: Delta reducing capacity by 40% over the next few months due to virus outbreak; company also says it now sees negative net bookings for the next 4 weeks and as a result CEO Ed Bastian is forgoing his entire salary this year. pic.twitter.com/lbDVvXnSru

— CNBC Now (@CNBCnow) March 13, 2020