Delta Air extends suspension of U.S.-China flights through May 31

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG2A21E_L.jpg
© Reuters. FILE PHOTO: An airport worker guides a Delta Air Lines Airus A319 plane on the tarmac at LAX in Los Angeles© Reuters. FILE PHOTO: An airport worker guides a Delta Air Lines Airus A319 plane on the tarmac at LAX in Los Angeles

(Reuters) – Delta Air Lines Inc (N:) said on Wednesday it was extending the suspension of all flights between the United States and China from April 30 to May 31 due to the coronavirus outbreak.

It also extended the suspension for some destinations in South Korea and Japan to the same date and said it will reduce planned capacity by 15%.

The airline sector has been hit hard by the rapidly spreading coronavirus, which has forced tourists and businesses to cancel trips, sparking a string of steps by carriers to tackle the impact of the outbreak.

Delta said it has frozen hiring, offered voluntary leave option to staff and was planning retire older aircraft ahead of time to limit the fallout of a drop in net booking by as much as 25% to 30%.

Shares of the company fell as much as 8.2% to $41.73, in line with the broader selloff in the sector on Wednesday. The stock has fallen nearly 30% so far this year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment