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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (20268)	1/3/2005 5:32:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Struggling Delta Air Lines to slash fares up to 60 per cent say reports Kristen Wyatt Canadian Press January 3, 2005 ATLANTA (AP) - Delta Air Lines Inc. will slash fares by as much as 60 per cent in a bid by the struggling carrier to lure back passengers, according to published reports. Its shares were up about 1.6 per cent in afternoon trading Monday. Delta wouldn't confirm or refute a report in Time magazine that it plans to replicate countrywide its fare-cutting plan that it began testing last August in Cincinnati when domestic flight fares were capped at $499 US for economy seats and $599 for first-class seats. The magazine and The Wall Street Journal, both citing unnamed sources, said the third-biggest U.S. airline would roll out a new, simpler pricing structure and eliminate some unpopular requirements, such as Saturday-stay rules. The airline also plans to cut ticket-change fees from $100 to $50, Time said. International flights will reportedly be unaffected. canada.com