Delta Has New Fuel-Saving Program
Delta Air Lines Inc. said Thursday it is using a new tool to more evenly space its landings at its Atlanta hub, hoping to cut its fuel bill by as much as $6 million this year.
The tool, called Attila, is one of several efforts the airline has made to cut fuel consumption, as the industry battles rising jet fuel prices. Delta, which is operating in Chapter 11 bankruptcy protection, said it expects to realize more than $40 million in fuel savings this year through its various programs.
Attila links Delta flight cockpits with the airline’s operation control center, helping to cut airspace congestion and fuel burn.
Among other measures scheduled for this year, Delta plans to remove magazine racks from planes to save weight. It is one of four employee-suggested methods the airline is adopting.
Delta also said it has about 49 percent of its anticipated third-quarter fuel needs hedged, as of July 31. Airlines, notably Southwest Airlines Co., have been able to cut fuel expenses and volatility through fuel hedges, but hedges generally require strong balance sheets.
Delta shares rose a penny to 71 cents in afternoon over-the-counter trading.