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The order is
valued at more than $4 billion at current list prices. Delta, in
its statement, did not disclose specific terms of the agreement.
(http://bit.ly/2ibCr6f)
The airline, which acquired Northwest in 2008 for $2.6 billion
in shares, said it would continue to take delivery of 737-900ER
aircraft through 2019.
Delta declined to comment beyond its statement.
The cancellation comes as Delta and other top U.S. airlines seek
to slow flight capacity growth and in some instances shrink
existing service in response to falling airfares.
Airlines like Norwegian Air Shuttle ASA <NWC.OL> from outside
the United States are adding flights that Delta says have
exceeded passenger demand and hurt unit revenue.
Delta has 25 widebody aircraft from Airbus Group SE <AIR.PA>,
the A350, already slated for delivery that will add to its
flight capacity this decade. Delta said earlier this year that
it would defer the delivery of four A350s by a year or two from
2018 to make the schedule "more consistent with (the) expected
pace of international market improvement."
(Reporting by Ahmed Farhatha in Bengaluru and Jeffrey Dastin in
New York; Editing by Leslie Adler)
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