Delta Air Lines Inc. (DAL) shares rose nearly 11% on Friday after news the company is cutting capacity by an unprecedented 40% over the next few months, canceling flights to Europe, and taking other measures to preserve cash. Other initiatives include reducing aircraft deliveries and offering voluntary short-term, unpaid leaves and a hiring freeze effective immediately.
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(END) Dow Jones Newswires
March 13, 2020 13:49 ET (17:49 GMT)
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