Delta Air Lines

Delta Air Lines posts $695 million profit in Q3, sees busy holiday season

Delta Air Lines reported a USD 695 million third-quarter profit Thursday as higher average fares this summer and a lucrative credit-card business more than offset higher fuel prices. The airline forecast that revenue during the final three months of the year will top pre-pandemic levels. Delta's CEO said he sees no indication that anxiety over inflation and the economy will discourage people from travelling over the holidays. It's going to be a very strong holiday season Thanksgiving, Christmas, New Year's, said CEO Ed Bastian. Consumers are still relatively healthy. They have deferred spending, but where they have deferred it is the acquisition of things. Delta's third-quarter numbers support that view. The airline's operating revenue rose 11 per cent above 2019 levels even with an 18 per cent drop in passenger traffic. That was possible because the average passenger paid 23 per cent more per mile than during the same months of 2019. Revenue from premium customers rose, while m

Delta Air Lines says it's investing $60 million in air taxi developer

Delta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones. Joby is among several companies working on electric-powered aircraft that take off and land vertically, like helicopters. The company has said that it expects to begin flying in 2024. Current designs for electric air taxis are too small to use for airline flights the weight of batteries is among the huge obstacles facing manufacturers. But airlines believe the machines could be attractive as a time-saving ride to and from airports in big, traffic-clogged cities. Delta hopes to use the Joby aircraft first in New York and Los Angeles. Delta CEO Ed Bastian called the deal a groundbreaking opportunity to help customers in key markets that Delta has been building for many ...

As Air India plans to expand, here are the leaders of aviation industry

Since Air India is planning to expand its fleet size and by extension its flight operations and revenue, it is worth finding out the top airlines in several segments

Wall St ticks higher as recovery in growth stocks offsets mixed earnings

Delta Air Lines jumps on profit forecast; BlackRock up after profit beats estimates, JPMorgan down after profit falls 42%

Omicron surge: United and Delta cancel hundreds of Christmas flights

Delta said its cancellations were due to a combination of reasons, including potential inclement weather in some places and the impact of omicron

Airlines in US facing shortage of pilots, other workers, say executives

Airlines are having trouble hiring pilots, flight attendants and other personnel, and that's part of what is causing canceled flights and scrapping of service to some airports.

Delta Air Lines will make unvaccinated employees pay charge

Delta Air Lines will charge employees on the company health plan $200 a month if they fail to get vaccinated against Covid-19

Covid-19 impact: Delta Air Lines to leave middle seats empty through April

The Atlanta-based airline announced Monday that it will limit capacity on flights through April 30

Delta Air Lines, pilot union reach preliminary deal to avoid furloughs

Delta MEC, a unit of the Air Line Pilots Association, said the agreement - which still needs approval from Delta's nearly 13,000 pilots - will cut monthly minimum guaranteed hours by 5%

Delta Air Lines posts $5.4 billion Q3 loss as pandemic hammers travel

However, executives said passengers are starting to return and bookings for Thanksgiving and Christmas are looking up

Delta Air Lines set to furlough 1,941 pilots as $25 bn stimulus runs out

U.S. airlines have warned they will need to furlough tens of thousands of workers once $25 billion in US government stimulus funds run out in September

With new, stricter norms, how Covid-19 will forever change the way we fly

A seismic shift is underway as the world's airlines reassess their operations and how they will look emerging from the crisis

With new, stricter norms, how Covid-19 will forever change the way we fly

A seismic shift is underway as the world's airlines reassess their operations and how they will look emerging from the crisis

Major airlines urge US Treasury to disburse assistance of $58 bn quickly

In a letter dated Saturday and seen by Reuters, carriers wrote that "given the urgent and immediate need, it is essential that these funds be disbursed as soon as possible."

Delta Air Lines to begin non stop flights between US and Mumbai in 2019

This move allows Delta and its partner airline Jet Airways to expand its traffic on India-US route

Delta Air Lines to place order for 100 Airbus jets

Earlier Airbus had beaten out rival Boeing Co for the order

Delta Airlines to cancel about 800 flights

Irma hit a wide swath of Florida over the past day