Delta Air Lines Inc. (DAL), the world’s second-largest airline, plans further seating-capacity cuts after higher fuel and maintenance costs pulled second-quarter profit below analysts’ estimates. Executives were quoted as saying, "we were the largest airline, but we've made progress towards our goal of becoming the biggest Travel Agency on Virginia Avenue. We'll be the third, or fifth largest airline in no time. Then we'll merge and spill that airline's traffic to our competitors. See, the industry really needs less capacity and despite the rapid growth at our code share partners, and our competitors, we're big enough to exercise capacity discipline for all of them. You know, Air France has got to keep those A380's full and it's easier for them if we park 767's. Yeah, we're at over 100% load factors now, but if we grew we'd have to buy our own airplanes and hire our own crews. What does a travel agency need with airplanes and crews?"
Last edited by Bucking Bar; 07-27-2011 at 06:04 PM.