MOSCOW (Sputnik) – US Delta Air Lines will reduce the number of flights between destinations in the United Kingdom and the United States this winter in light of the post-Brexit referendum depreciation of the pound cut into the US company's revenues, the air carrier said Thursday.
"With foreign currency under heightened pressure from the steep drop in the British Pound and the economic uncertainty from the United Kingdom’s decision to exit the European Union, Delta has decided to reduce 6 points of U.S.-U.K. capacity from its winter schedule," a statement by the carrier reads.
Delta President Glen Hauenstein complained of "persistent headwinds" from domestic yields and geopolitical uncertainty but vowed to meet the goal of positive unit revenues.
The Atlanta-based airline reported its second-quarter earnings on Thursday. It gained $1.7 billion in pre-tax profit, up $0.1 billion from the second quarter in 2015. Delta hopes to return to positive unit revenue growth by the year end after a period of lower fuel prices.
