Economic uncertainties in the US have seen Delta Air Lines reducing its planned capacity growth strategy for the year.
On April 9, the carrier published its first quarter (ending March) financial results.
"With broad economic uncertainty around global trade, growth has largely stalled. In this slower-growth environment, we are protecting margins and cash flow by focusing on what we can control,” said Ed Bastian, Delta CEO.
“This includes reducing planned capacity growth in the second half of the year to flat over last year while actively managing costs and capital expenditures."
For the March quarter, Delta reported a pre-tax nett profit of US$320 million (R6,1bn)
The carrier said it expected half-year nett profit of US$1,5-$2 billion, (R28,5bn-R38bn) but chose not to provide a full year outlook due to uncertainty.
“Given the lack of economic clarity, it is premature at this time to provide an updated full-year outlook,” said Bastain.
