“With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”
So says the press release with the earnings statement.
https://s1.q4cdn.com/231238688/files...arter-2018.pdf
Fifty basis points = 0.50%
This is a reduction in growth not an absolute cut. YTD available seat miles were up 3.5%.