★ Japan Crisis is Hurting Airline Ticket Sales

Marketwatch Reporting:

Japan represents about 8% of the Atlanta-based company’s unit revenue, or a little more than $2 billion a year, said Delta President Ed Bastian during the J.P. Morgan Aviation, Transportation & Defense Conference.

Medical relief trickles in to devastated areas in Japan as doctors raise concerns about a potential health crisis.

“We’re reducing our Japanese capacity by 15% to 20% through May to reflect the decrease in short-term demand… and then we’re going to monitor how demand comes back,” Bastian said.

The company said last week that it would halt flights to Haneda Airport near Tokyo.

You want to know what else is hurting? The people of Japan and the currently 22,000 people who are confirmed as dead. Then again, this is a financial service so it’s not their job to be sensitive to something so catastrophic.

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