Delta parks 600 jets and scales back flights as revenue tanks

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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.

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