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Delta’s CEO: “We Had to Act”

Delta’s CEO gave a speech yesterday where he defended the recent change in fare structure.  Nothing particularly new, though he said, "Half of Wall Street says that we’re the greatest geniuses that ever
walked…The other half says, `I’ve never seen such dumbos
running an airline before.’ In this industry, they could both be right."  He added that there are additional changes coming, but he did not elaborate.  Can you say "frequent flyer overhaul?"

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