By Tracy Rucinski
CHICAGO (Reuters) – Delta Air Lines <DAL.N> said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying by more than 70% until demand begins to recover from the coronavirus epidemic hit.
In a memo to employees, Delta Chief Executive Ed Bastian said the company would continue taking “all necessary self-help measures,” with cash preservation the top priority, even as it remains optimistic of industry support from the White House and Congress.