NEW YORK (AP) — Delta Air Lines Inc. on Monday said the H1N1 virus has sapped travel demand, resulting in a $250 million hit on the carrier's second-quarter revenue.
Chief Executive Richard Anderson told shareholders at the airline's annual meeting in New York that because of the virus, also known as the swine flu, Delta has significantly reduced capacity into Mexico and Latin America.
The carrier also cut capacity in Asia, where customers still remember the SARS outbreak in 2003.
Anderson added that Delta would replace some of the capacity to those areas later this year.
Earlier this month, the Atlanta-based carrier projected in a filing with the Securities and Exchange Commission that a drop in travel demand would amount to an impact of $125 million to $150 million in second-qaurter revenue.
Copyright 2009 The Associated Press.
|< Prev||Next >|