Delta Air Lines after Labor Day will cut transatlantic capacity by 8 percent to 10 percent year over year

. CEO Richard Anderson cited "significant industry overcapacity in the transatlantic marketplace" and said that "of the $200 million erosion in year-on-year pre-tax earnings, $150 million of that amount is attributable to transatlantic performance. We will fix that in cooperation with our transatlantic partners Air France, KLM and Alitalia."