Delta, AA among carriers who can't cover costs
(NEWSER) - As rising oil prices and sluggish demand continued to hammer the airline industry, Delta, American, and several other carriers forecast further cuts to service yesterday, reports the Wall Street Journal. Despite massive reductions in service, CEOs said at an industry meeting that they still aren't covering costs. "Earnings are going to be severely stressed until the economy changes," said Southwest's head honcho. More»
