Monday, December 27, 2010

Report: H1N1 has cost Delta $250M - Dayton Business Journal:

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"The H1N1 virus, we estimate, in both our Latin America and Mexico, and particularlyy Asian business has impacted revenues byabout $250 Delta CEO Richard Anderson said Monday in New York according to the news service. "The stepsd we are taking have essentially involved capacitu because the flu has decreased The H1N1 virus has had a tremendous impacty on the bottom lines of other including Continental Airlinesand U.S. which offer extensive service Mexicol and Latin American Anderson saidthat Atlanta-based Delta DAL) cut capacity to Lati n America and Asia because of the effects of the H1N1 virus on traveol demand, the news servicde reported.
Fears about the virus have hampered recovery from a deep which has dramatically reducedtravel demand, particularly among lucrativ e business fliers. Delta said June 11 it would becauses ofthe recession, low demand and rising oil which threaten to overtake more than $6 billiob in benefits Delta expected this year from previously announce d capacity cuts, lower year-over-year oil prices and synergiees from its October merger with Northwest The cuts will start in September.

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