Delta to retire Boeing 777 aircraft fleet to rein in costs

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Delta to retire Boeing 777 aircraft fleet to rein in costs
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Delta Air Lines said on Thursday it would no longer fly Boeing Co's wide-body 777 aircraft and some of the other older high-maintenance jets, as the U.S. carrier looks to cut costs amid a steep fall in bookings due to travel restrictions around the world.

) wide-body 777 aircraft and some of the other older high-maintenance jets, as the U.S. carrier looks to cut costs amid a steep fall in bookings due to travel restrictions around the world.

The spread of the novel coronavirus has virtually brought airports around the globe to a standstill, leaving airlines to take drastic steps to make savings. The move to retire 18 Boeing 777 jets, along with the MD-90 planes, by the end of the year would result in second-quarter non-cash impairment charges of $1.4 billion to $1.7 billion, before tax, the airline said. (

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