Delta Shares Climb After Planes Parked, CEO Gives Up Pay
14 March 2020 - 5:27AM
Dow Jones News
By Matt Grossman
Delta Air Lines Inc. shares climbed Friday after the company
announced operational changes during the Covid-19 pandemic.
The stock rose to $37.11, 10% higher than its Thursday close at
$33.71. The stock is still down more than 35% year to date.
The company said Friday it will temporarily park 300 airplanes
and cut 40% of its capacity, including all of its service to
continental Europe. Delta's chief executive, Ed Bastian, said he
will give up his salary for six months.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
March 13, 2020 14:12 ET (18:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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