Analyst Ratings

Delta And United Plan Fewer International Flights

 

By JOSHUA FREED

MINNEAPOLIS (AP) — Travelers who used to fly in the expensive seats up front are moving toward the back of the plane, if they fly at all, forcing airlines to cut back on overseas flights that used to be their crown jewels.

Delta Air Lines Inc. said on Tuesday it will cut international flying another 10 percent beginning in September. United Airlines is cutting international flying 15 percent in the first quarter alone. Those two airlines are by far the largest U.S. carriers to Asia.

And while airlines can shrink domestic flying by shifting to smaller jets on certain routes, that's harder to do with international flights, where they only have so many planes capable of long-haul trips. So United eliminated its Los Angeles to Hong Kong and Frankfurt flights. Delta's plans to add New York-JFK to Gothenberg, Sweden and a second daily flight from JFK to Tel Aviv in June have been postponed, spokeswoman Betsy Talton said on Tuesday.

Leisure travel has been falling, too, but less than business travel. Airlines have been able to entice vacationers with lower fares, but that hasn't worked on business travelers, said Helane Becker, a transportation analyst with Jesup & Lamont Securities Corp.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet