Over the last few days, airline analysts on Wall Street issued the warnings: Airlines are going to have to cut more capacity, parking planes and canceling future flights because of traffic weakness caused by the grim state of the economy. We will probably hear more about that this week when airline executives appear at a JP Morgan investment conference in New York.
A good roundup of the current sittuation was published in the Fort Worth Star-Telegram. Within hours of that story, Delta announced this morning that it would cut its international capacity this fall by another 10 percent. Delta's announcement can be found here. And the Associated Press news story on Delta is here.