Delta Air Lines Inc. said it would remove Boeing Co. 777 aircraft from its fleet by the end of the year, a sign the airline believes international travel will recover slowly from the coronavirus pandemic. Retiring the fleet will help “stop the bleeding” as the airline looks to conserve cash, Chief Executive Ed Bastian wrote in a letter to employees on Thursday. Delta is burning $50 million a day, Mr. Bastian said, a rate the airline wants to reduce to zero by the end of the year.

Source: Wall Street Journal May 14, 2020 13:32 UTC