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

CHICAGO (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)