12/3/2008

Major airline executives appeared eager to put 2008 behind them during presentations at the Credit Suisse Global Airline Conference in New York on Tuesday, focusing instead on the hope for renewed profits in 2009. Acknowledging the weaker demand caused by the worldwide economic crisis, several carriers said they planned further capacity reductions for 2009, on top of the deep cuts made this year. Delta Air Lines' announcement of "dramatic" cuts totaling up to 10% of domestic capacity dominated much of the day-after headlines, but many other companies made news, as well.

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