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Delta CEO: $200 fares to places like Las Vegas 'don't work anymore' - Today In the Sky - USATODAY.com
by Lost at 2:43 pm EDT, Jun 17, 2008 |
Delta says it plans to cut its capacity by 12%-13% during the last half of the year "to help cope with rising fuel costs," The Atlanta Journal-Constitution (free registration) writes. The paper says Delta CEO Richard Anderson made those comments in an on-air interview with CNBC Thursday. Delta had previously projected cuts of 9%-11% for the latter part of the year, according to the Journal-Constitution. Anderson also said fares are going to "have to go up pretty significantly" for the industry to successfully be able to offset soaring fuel costs. In his interview, Anderson predicted that capacity cuts are "going to particularly hit markets like Orlando, Hawaii, Las Vegas — those kinds of leisure markets where people want to travel for $200 round-trip fares, and those fares don't work anymore."
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RE: Delta CEO: $200 fares to places like Las Vegas 'don't work anymore' - Today In the Sky - USATODAY.com
by flynn23 at 12:33 pm EDT, Jun 18, 2008 |
Jello wrote: Delta says it plans to cut its capacity by 12%-13% during the last half of the year "to help cope with rising fuel costs," The Atlanta Journal-Constitution (free registration) writes. The paper says Delta CEO Richard Anderson made those comments in an on-air interview with CNBC Thursday. Delta had previously projected cuts of 9%-11% for the latter part of the year, according to the Journal-Constitution. Anderson also said fares are going to "have to go up pretty significantly" for the industry to successfully be able to offset soaring fuel costs. In his interview, Anderson predicted that capacity cuts are "going to particularly hit markets like Orlando, Hawaii, Las Vegas — those kinds of leisure markets where people want to travel for $200 round-trip fares, and those fares don't work anymore."
That ripple effect will seriously undermine some of my favorite sites. |
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