Revenue and net income jump at Delta but fall short of analyst estimates


Skift Take

Delta's capacity cuts will allow it to make more money from each mile flown, both from more crowded planes and higher ticket prices to match demand.

Delta Air Lines Inc. said fourth-quarter capacity will be reduced as much as 3 percent, as the world’s second-largest carrier posted a drop in passenger traffic. The capacity cut will be in a range of 1 percent to 3 percent, Delta said today in a statement. Third-quarter prof