March 18, 2020 / 5:13 PM / 19 days ago

Delta parking 600 jets, cutting more executive pay and flights as revenue tanks

CHICAGO, March 18 (Reuters) - Delta Air Lines said on Wednesday it was parking more than 600 jets -- at least half of its fleet -- cutting more flights and implementing a round of paycuts for officers, managers, and directors while members of the board forgo compensation.

The airline said revenue is expected to decline by $2 billion in March from a year earlier, as demand drops amid the spreading coronavirus. (Reporting by Tracy Rucinski, Editing by Franklin Paul)

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