Delta Air Lines
is the latest air carrier to decrease its flight schedule for the summer, while more travelers continue to book trips for the coming months.
From July 1 to Aug. 7, Delta (ticker: DAL) will reduce service by approximately 100 daily departures, primarily in US and Latin American markets. This change is meant to help the airline minimize disruptions and bounce back faster when challenges occur, according to the company.
“More than any time in our history, the various factors currently impacting our operation — weather and air-traffic control, vendor staffing, increased Covid case rates contributing to higher-than-planned unscheduled absences in some work groups — are resulting in an operation that is not consistently up to the standards Delta has set for the industry in recent years, ”said Chief Customer Experience Officer Allison Ausband in a company news release.
Delta is not the first airline to reduce its summer flight schedule.
(SAVE) said it would cut back on flights in the coming months to prevent the increasing cancellations that have hit its operations, according to a report from The Wall Street Journal. On April 26,
(JBLU) said it would reduce its summer schedule in an attempt to “add more buffer room throughout the day to make up for operational disruptions and put less stress on its crew resources.”
Despite the news, shares for Delta were 6.3% higher on Thursday to $ 41.03, and the stock is on pace for its highest close since May 6, according to Dow Jones Market Data. That could be because both
s (LUV) and JetBlue raised their forecasts for revenue on Thursday, citing strong travel demand for the summer.
Southwest said in a regulatory filing that it continues to, “experience strong load factors and an acceleration in bookings for summer travel,” while JetBlue said in a filing that it expects “record revenue this summer.” Southwest was up 6.8% higher on Thursday while JetBlue was up 5%.
For Memorial Day Weekend alone, Delta says it expects approximately 2.5 million customers, a 25% increase from 2021 passenger levels.
The NYSE Arca Airline Index (XAL) is currently about 14% higher than its 52-week low on March 3, according to Dow Jones Market Data.
Write to Angela Palumbo at email@example.com