U.S. to cut flight capacity by 10% at 40 major airports

Transportation Secretary Sean Duffy announced that he will be reducing flight capacity by 10% at 40 major airports starting on Friday morning. “”As we slice the data more granularly, we are seeing pressures build in a way that we don’t feel if we allow it to go unchecked will allow us to continue to tell the public that we operate the safest airline system in the world,” Federal Aviation Administration Administrator Bryan Bedford added a press conference. Publicly traded companies in the airline space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines – Use FLYY (SAVE) and United Airlines (UAL).