Several U. S. airlines recently announced plans to keep planes on the ground in response to declining air travel projections as businesses and consumers reduce travel plans. Delta announced it plans to reduce international capacity by 10 percent by decreasing transatlantic and transpacific markets. United Airlines is cutting overseas seats by 15 percent; and AMR, American Airlines’ parent company is cutting its international capacity by 2.5 percent and its domestic seats by 9 percent.
Sources: BTNonline, BNET