DALLAS (AP) — Delta Air Lines is benefiting from strong demand for air travel this summer and the grounding of Boeing Max planes at key rivals to post record revenue and a bigger profit.
ATLANTA (AP) — Delta Air Lines says it's buying a 4.3% stake in Korean Air's largest shareholder to strengthen its joint venture with the Asian carrier.
Delta says shutdown is costing $25M in January revenue
DALLAS (AP) — Delta Air Lines expects to lose $25 million in revenue this month from the partial government shutdown that is also creating checkpoint delays and long lines at the airline's Atlanta hub.
Delta's revenue is more than $3 billion a month, so the setback isn't huge, and airline executives say overall travel demand remains healthy. Still, it contributed to a tepid forecast of first-quarter profit.
Delta’s 2019 forecast helps send airline stocks lower
Delta Air Lines said Thursday that its profit will rise next year but not as much as Wall Street expected, and that helped push airline stocks lower.
Forecasts of slower global economic growth are weighing on airlines because a slowdown would likely hurt demand for travel, which has been strong throughout 2018.
Delta's forecast also demonstrated how volatile fuel prices can whipsaw airlines, sometimes in ways that aren't obvious.
MINNEAPOLIS (AP) — Delta Air Lines Inc. plans to begin daily nonstop service from Minneapolis-St. Paul International Airport to Seoul next year.
The move, announced Wednesday, gives the Twin Cities greater access to Asia and helps Atlanta-based Delta fortify its presence at its new Korean hub.
ATLANTA (AP) — Georgia lawmakers' decision to punish Delta Air Lines for publicly distancing itself from the National Rifle Association was an extraordinary act of political revenge.
By killing a proposed tax break on jet fuel, pro-gun Republicans won a political victory that could pay off in the short term, but other companies won't soon forget that Georgia allied itself with the NRA over one of its largest private employers, with 33,000 workers statewide.
Nathan Deal, Georgia governor, signs bill without Delta tax break after NRA rift
Georgia Gov. Nathan Deal signed Friday a tax-reform bill that eliminated a lucrative tax break for Delta Airlines over dropping its partnership with the National Rifle Association, but the airline insisted that there are no hard feelings.
ATLANTA — Delta Air Lines showed no signs Friday of backing away from a decision to cancel discounts for the National Rifle Association, despite a revenge move by state leaders that deprived the airline of a significant tax break.
Delta wants someone to pay for its losses in airport outage
ATLANTA (AP) — The CEO of Delta Air Lines says the company will seek compensation for its losses after a power outage knocked out the Atlanta airport's power supply and also its backup electricity for about 11 hours Sunday.
The blackout stranded thousands of passengers and led to the cancellation of more than 1,500 flights just ahead of the frenzied holiday travel period.
By Michael Sasso
Delta Air Lines ordered 100 of Airbus's A321neo jetliners, a deal with a list value of $12.7 billion, in a major victory for the European planemaker over Boeing.
Deliveries of the single-aisle planes will begin in early 2020 and the transaction includes options for an additional 100 aircraft, Delta said in a statement Thursday. The airline's decision dealt a setback to Boeing's efforts to sell its newest 737 model, the Max 10.
Delta orders 100 Airbus jets valued at over $12.7 billion
Delta Air Lines has picked Europe's Airbus over Boeing for a huge order of new jets.
Delta said Thursday that it will order 100 Airbus A321neo jets with a sticker price of $12.7 billion and take an option to buy another 100 jets, a deal that Chicago-based Boeing had hoped to land.
Financial terms of the order were not disclosed so it isn't known how much Delta will actually pay Airbus. Airlines typically get huge discounts off the sticker price of new planes.
Work begins on new LaGuardia terminal begins
ALBANY, N.Y. (AP) — Work on a new $4 billion terminal at LaGuardia Airport is underway.
New York Gov. Andrew Cuomo and Delta Air Lines CEO Ed Bastian held a ground breaking ceremony for the project Tuesday.
Delta and its partners will pay $3.6 billion for the new facility, with the Port Authority of New York and New Jersey providing the remaining funding. The construction comes after the airline and the Port Authority agreed on a lease for the facility through 2050.
The cruelty of U.S. airlines has lately become a sore point for travelers — use strong-arm tactics on customers today, and an airline risks a swift explosion of online outrage.
Within the industry, however, Delta Air Lines has spent the past year trying to shake a less-visible reputation as a bruising antagonist that fought with other airlines and bureaucrats alike.
DALLAS (AP) — With the federal government and a Senate committee looking into the dragging of a man off a United Express flight, airlines are beginning to speak up against any effort to bar them from overselling flights.
The CEO of Delta Air Lines called overbooking "a valid business process."
"I don't think we need to have additional legislation to try to control how the airlines run their businesses," Ed Bastian said Wednesday. "The key is managing it before you get to the boarding process."
Delta Air Lines’ CEO is hopeful the Trump administration will assist major U.S. airlines in their dispute with Gulf carriers over alleged government subsidies and unfair access to U.S. air routes.
Delta CEO announces job growth plan after meeting with Trump
ATLANTA (AP) — Delta Air Lines has announced plans to hire as many as 25,000 workers over the next five years.
Delta CEO Ed Bastian said in a statement Thursday that the Atlanta-based company is growing its ranks as it expands and upgrades its hubs at several of the nation's airports. Bastian's statement was released after he and other airline CEOs met with President Donald Trump at the White House.
Source: Obama DOJ won’t push antitrust case against airlines
WASHINGTON (AP) — The Justice Department, which started investigating alleged collusion between the nation's major airlines in mid-2015, will not bring an antitrust case against the carriers before the Obama administration leaves office at the end of next week, according to a person familiar with the situation.
The civil investigation has not been closed, cautioned the person, who spoke on condition of anonymity because the Justice Department has not announced anything publicly.
Delta computer outage included ‘small fire’ at data center
NEW YORK (AP) — As flight cancelations and delays move into their fourth day, Delta Air Lines isn't providing details on a "small fire" Monday at its data center and whether that fire — or attempts to extinguish it — compounded the airline's troubles.
Delta's problems started early Monday morning when a piece of electrical component at its Atlanta headquarters failed, CEO Ed Bastian told The Associated Press on Wednesday. That led to a shutdown of the transformer...
Q&A: Delta CEO on outage, efforts to ‘win back’ passengers
NEW YORK (AP) — Delta Air Lines is spending $150 million this year on technology upgrades, including a better mobile app. But what CEO Ed Bastian never saw coming was a vulnerability to its reservations and operations servers that would cripple his airline for days.
A computer outage Monday morning grounded planes around the world, stranding thousands of summertime travelers left in limbo as Delta struggled to sort out the mess, its reputation as an on-time airline...
Delta struggles through third day of computer problems
NEW YORK (AP) — Delta fliers faced delays, cancellations and more headaches Wednesday as the Atlanta-based airline struggled with its computer systems for the third straight day.
More than 300 flights were canceled by the afternoon, in addition to the 800 scrapped Tuesday and 1,000 canceled Monday. Hundreds of other flights were delayed Wednesday.
Delta Air Lines CEO Ed Bastian once again apologized for the meltdown.
- Business WireDelta Air Lines CEO Ed Bastian to Keynote at CES 2020September 18, 2019