Delta and US Airways will cut capacity and raise airfare

04/26/2011 | Reuters

Delta Air Lines and US Airways plan to increase airfare and cut capacity to offset the rising cost of fuel, after the airlines reported first-quarter losses. "We must fully recapture our costs on every flight every day to maintain and improve our earnings performance," said Richard Anderson, Delta's CEO. US Airways said it will trim capacity by 1% in the second half of the year, while Delta will cut capacity after Labor Day.

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