Ed Bastian, Delta Air Lines Inc.s new chief executive officer, is considering cuts to international service as rising fuel costs and weak foreign economies make some routes unprofitable.
When you have oil prices rising, that takes a thin-margin route to a negative route pretty quickly, Bastian said in an interview on Bloomberg TV. You start to ask yourself the question, Is that the right decision, and do you need to be doing it now?
http://aviationblog.dallasnews.com/2016/05/new-delta-ceo-weighs-cutting-overseas-service-as-fuel-costs-rise.html/
When you have oil prices rising, that takes a thin-margin route to a negative route pretty quickly, Bastian said in an interview on Bloomberg TV. You start to ask yourself the question, Is that the right decision, and do you need to be doing it now?
http://aviationblog.dallasnews.com/2016/05/new-delta-ceo-weighs-cutting-overseas-service-as-fuel-costs-rise.html/