Delta Air Lines said Thursday it may have 7,000 too many pilots this fall and announced it will retire its fleet of Boeing 777s, a sign the airline expects a lengthy downturn in long-haul international travel as the coronavirus batters demand.
The Atlanta-based airline said it has halved its daily cash burn to $50 million a day this month, as planned, by cutting flights and reducing other expenses.
The airline said in a filing Thursday it expects to post a $1.4 billion to $1.7 billion pretax charge in the second quarter because of the MD-90 and Boeing 777 retirements.