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Delta Reports Operating Performance For November 2019
Richard Branson Says To Continue To Hold 51% Of Virgin Atlantic - Blog
Delta Says Still Prepared To Invest Up To 100 Million EUR In Alitalia, Open To Working On A "Coherent, Like-Minded Consortium Of Investors"
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company's segments include Airline and Refinery. The Company's route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York- John F Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Each of these operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub or gateway to domestic and international cities and to other hubs or gateways. The Company's route network includes its international joint ventures, its alliances with other foreign airlines, its membership in SkyTeam and agreements with multiple domestic regional carriers that operate as Delta Connection.
1030 Delta Blvd
Francis S. Blake
Non-Executive Independent Chairman of the Board
Glen W. Hauenstein
Edward H. Bastian
Chief Executive Officer, Director
Paul A. Jacobson
Chief Financial Officer, Executive Vice President
Wayne Gilbert West
Chief Operating Officer, Senior Executive Vice President
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The websites for the three largest U.S. airlines, American Airlines Group Inc, Delta Air Lines Inc and United Airlines Holdings Inc were briefly down on Wednesday due to a technical issue with Google.
Air France-KLM <AIRF.PA> said on Wednesday it had dropped plans to buy a stake in Virgin Atlantic as the two airline groups combine their transatlantic partnerships with Delta Air Lines <DAL.N> into an expanded joint venture.
U.S. Transportation Secretary Elaine Chao on Thursday granted final approval for an expanded trans-Atlantic joint venture for Delta Air Lines Inc <DAL.N>, Air France KLM SA <AIRF.PA> and Virgin Atlantic.
An Alitalia rescue plan ran into trouble on Wednesday when its main sponsor, railway group Ferrovie dello Stato, said conditions were not in place to set up an investor consortium to save the struggling Italian carrier.
Alitalia's administrators said they had no preferred option between Delta Air Lines <DAL.N> and Lufthansa <LHAG.DE>, the two groups talking with rail operator Ferrovie dello Stato about a rescue for the troubled Italian carrier.
Delta Air Lines <DAL.N> could pull out of a consortium looking to rescue Italy's Alitalia as it is unwilling to enter a possible bidding war with Lufthansa <LHAG.DE>, newspaper Il Corriere della Sera reported on Sunday, citing two sources.
Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA <LTM.SN> if the opportunity came up - comments which come after Delta Air Lines Inc <DAL.N> agreed last month to buy 20% of the Chilean carrier.
Delta Air Lines <DAL.N> hopes to speed up the hiring of pilots, flight attendants, reservation and airport staff after "surprise" demand growth fueled better-than-expected third-quarter profit, Chief Executive Ed Bastian told Reuters.
Delta Air Lines reported a greater-than-expected increase in quarterly profit on Thursday thanks to "surprise" demand growth, prompting the airline to accelerate its hiring of pilots, flight attendants, and airport workers, Chief Executive Ed Bastian told Reuters.
Delta Air Lines <DAL.N> pilots are receiving record overtime, straining the airline's labor costs, in part because it has added more flights to fill a supply gap left by the grounding of the Boeing 737 MAX at rival carriers, union officials told Reuters.
A surprise $1.9 billion investment by Delta Air Lines <DAL.N> in LATAM Airlines Group <LTM.SN> is likely to fire up competition in South America as the weakest U.S. carrier in the region joins up with the strongest homegrown player.
Delta Air Lines Inc <DAL.N> warned on Wednesday that new U.S. tariffs on Airbus <AIR.PA> planes "will inflict serious harm on U.S. airlines" and shrink the company's profits.
Delta Air Lines Inc warned on Wednesday that new U.S. tariffs on Airbus planes "will inflict serious harm on U.S. airlines" and shrink the company's profits.
(This Sept. 26 story has been refiled to correct airline group to SkyTeam alliance instead of the Sky Alliance, paragraph 6)
Chilean shares led Latin American stock markets higher on Friday as shares of the region's largest carrier, LATAM Airlines, rose sharply after U.S. carrier Delta Air Lines bought a sizeable stake. Delta bought a 20% stake in LATAM for $1.9 billion, creating a major new partnership...
Shares in LATAM Airlines Group <LTM.SN> surged more than 30% at the market open on Friday, the day after Delta Air Lines <DAL.N> said it would buy a 20% stake in the company for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier's ties...
Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier's ties with American Airlines.
Delta Air Lines is ready to invest in the rescue of Italian flagship carrier Alitalia but still believes that a 10% stake is the right level of investment, Chief Executive Ed Bastian told Reuters on Thursday.
Delta Air Lines <DAL.N> should consider increasing its planned investment in the rescue of Alitalia, Italian Prime Minister Giuseppe Conte said on Saturday as talks over the relaunch of the Italian flagship carrier drag on.
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency's performance in the wake of two fatal crashes of Boeing Co's 737 MAX planes since October.
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