Delta makes changes to cope with rising fuel costs

04/28/2011 | (U.K.)

Delta Air Lines, which posted a $318 million loss for the first quarter, said it will retire its "least efficient aircraft" and raise fares to compensate for climbing fuel costs. "Fuel is the biggest challenge facing this industry and Delta is actively reducing capacity, implementing fare actions, hedging our fuel needs and attacking our cost structure in order to offset fuel's impact on our earnings," said Delta CEO Richard Anderson. Delta's fuel bill surged 29% in the first three months of the year.

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