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Delta reduces flying to increase ticket prices
AIRLINES. Delta, second-biggest airline in the US, said it will reduce flying as much as 3 percent during the quarter that ends in June, in order to have travelers pay more for the remaining seats. So far, that appears to be working, according to the Associated Press.
Delta earned $124 million for the most recent quarter and US Airways earned $48 million. Both airlines lost money a year ago, and both benefited from special items for their quarterly profit this year.
Passengers continue to travel, in spite of rising fares, judging by financial results at Delta Air Lines and US Airways, the Associated Press reports.
Both airlines, which reported quarterly profits on Wednesday, said travel demand appears to be holding up, suggesting that planes will be full and fares will be higher for the busy summer travel season, according to AP.