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USA Today | The busy summer travel season is not even upon us yet and Delta Air Lines and its major SkyTeam partners—Air France, KLM and Alitalia—announced trans-Atlantic capacity cuts today for this fall.
Capacity will decline by 7% to 9% over the same time period in 2010, according to these airlines, which operate with antitrust immunity in the trans-Atlantic market, allowing them to legally coordinate schedules and collude on prices.
The airlines say that the capacity cuts are due to "fluctuations in seasonal demand," but it is also likely that the airline industry is bracing for a decline in international travel after the usually busy summer vacation season due to the inflated price of oil, which has been hovering in the $100 per barrel range for some time.