Delta Air Lines Inc., the world's largest carrier, will add service to cities including Johannesburg and Tokyo next year as it seeks revenue overseas while the weak U.S. economy damps domestic demand.
The 15 new routes include nonstop flights to Tokyo from Salt Lake City and New York, and to Cape Town and Johannesburg from Atlanta, Delta said Wednesday. The Atlanta-based airline will also begin flying from New York to Prague and Zurich.
Overseas expansion may help Delta blunt a drop in U.S. travel as businesses and consumers pare expenses. Adding international routes was a pillar of post-bankruptcy strategy for Delta and newly acquired Northwest Airlines Corp. when they left court protection last year. Bloomberg News
Computer-chip maker Intel Corp. lowered its fourth-quarter sales forecast by about $1 billion amid significantly weaker demand across its entire product line worldwide.
Revenue will be $9 billion, plus or minus $300 million, and profit margins will be short of projections, Intel said Wednesday. The Santa Clara, Calif.-based company originally predicted between $10.1 billion and $10.9 billion in sales.
Orders dried up amid customers' inability to get credit to finance technology purchases. The bottom end of the forecast would mark Intel's lowest sales in six quarters, and Chief Executive Officer Paul Otellini said last week the U.S. recession will probably be the worst of his lifetime.