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Delta Reduces Capacity Growth Guidance - Will American Follow?

The world's two biggest airlines are apparently moving to reduce capacity growth.

Delta (DAL) said Monday that it will cut planned second-half capacity growth by a percentage point: It will grow 2.5% rather than 3.5%. And American (AAL) recently told pilots it will accelerate retirements of three aircraft types, leading JPMorgan analyst Jamie Baker to suggest that the world's biggest airline will grow more slowly than envisioned in 2017, 2018 and 2019.

American may disclose plans Tuesday morning when President Scott Kirby is scheduled to appear at a Bank of America Merrill Lynch investor conference at 8 a.m. EDT. Analysts are likely to ask Kirby whether American will follow Delta.

Delta disclosed its capacity plans in a regulatory...


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