INSIDER
Delta's Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations
Read full article: Delta's Q3 profit fell below $1 billion after global tech outage led to thousands of cancellationsDelta Air Lines says third-quarter earnings fell 26% largely because of fallout from a technology outage that caused several thousand canceled flights in July.
A top Delta executive is leaving weeks after the airline's slow response to tech outage
Read full article: A top Delta executive is leaving weeks after the airline's slow response to tech outageA high-ranking Delta Air Lines executive is leaving the company, just a few weeks after Delta canceled thousands of flights and struggled to recover from a technology outage.
Microsoft hits back at Delta after the airline said last month's tech outage cost it $500 million
Read full article: Microsoft hits back at Delta after the airline said last month's tech outage cost it $500 millionMicrosoft is joining cybersecurity firm CrowdStrike in fighting back against criticism from Delta Air Lines.
Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday
Read full article: Delta CEO, in Paris for the Olympics, says outage-related cancellations should end ThursdayThe chief executive of Delta Air Lines expects flight cancellations and delays that resulted from a global technology breakdown last week to be resolved by Thursday.
Most airlines except one are recovering from the CrowdStrike tech outage. The feds have noticed
Read full article: Most airlines except one are recovering from the CrowdStrike tech outage. The feds have noticedDelta Air Lines is struggling for a fourth straight day to recover from the tech outage, even as other airlines are returning to nearly normal levels of service.
Delta Air Lines says cancellations continue as it tries to restore operations after tech outage
Read full article: Delta Air Lines says cancellations continue as it tries to restore operations after tech outageAirlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights.
Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion
Read full article: Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billionAmericans are traveling in record numbers this summer, but Delta Air Lines says it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.
Delta and an airline that doesn't fly yet say they'll run flights between the US and Saudi Arabia
Read full article: Delta and an airline that doesn't fly yet say they'll run flights between the US and Saudi ArabiaDelta Air Lines has struck a deal with a start-up airline to operate flights between the United States and Saudi Arabia.
Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
Read full article: Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scaresDelta Air Lines has reported a small first-quarter profit and says travel demand is strong heading into summer.
Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings
Read full article: Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earningsDelta Air Lines says it closed 2023 strong and expects another good year in 2024.
Delta Air Lines scales back changes to its loyalty program after a revolt by customers
Read full article: Delta Air Lines scales back changes to its loyalty program after a revolt by customersDelta Air Lines will move more slowly in tweaking its frequent-flyer program after customers complained loudly about changes the airline announced back in September.
Delta Air Lines posts $1.11 billion profit for the third quarter and sees strong holiday bookings
Read full article: Delta Air Lines posts $1.11 billion profit for the third quarter and sees strong holiday bookingsDelta Air Lines says it made $1.11 billion in the third quarter, thanks to planes that were packed with travelers this summer.
Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planes
Read full article: Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planesDelta Air Lines is reporting record profit and revenue in the second quarter, as summer travelers pack planes and head off on vacation.
Delta flight out of Detroit diverted to Boston due to ‘unruly’ passenger on board
Read full article: Delta flight out of Detroit diverted to Boston due to ‘unruly’ passenger on boardA Delta flight that left Detroit Metropolitan Airport on Friday was diverted to Boston so an “unruly” passenger could be deplaned.
Airlines back more spending, staff to fix failed FAA system
Read full article: Airlines back more spending, staff to fix failed FAA systemAirline executives are pushing Congress and the White House to step up funding for the Federal Aviation Administration after a technology failure briefly grounded flights around the country this week.
Asian stocks down after US inflation fuels rate hike fears
Read full article: Asian stocks down after US inflation fuels rate hike fearsAsian stock markets have climbed Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth.
All eyes on airlines as July Fourth holiday weekend nears
Read full article: All eyes on airlines as July Fourth holiday weekend nearsIf you're flying this holiday weekend, be prepared for crowded airports, full planes, and higher-than-normal chances that your flight will be delayed or even canceled.
CDC extends travel mask requirement to May 3 as COVID rises
Read full article: CDC extends travel mask requirement to May 3 as COVID risesThe Biden administration has announced it will extend through May 3 the nationwide mask requirement for airplanes and public transit as it monitors an uptick in COVID-19 cases.
Delta loses $940 million in Q1, but bookings, revenue, surge
Read full article: Delta loses $940 million in Q1, but bookings, revenue, surgeDelta Air Lines lost $940 million in the first quarter yet bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them.
After wave of cancellations, Delta sees recovery in 2022
Read full article: After wave of cancellations, Delta sees recovery in 2022Delta Air Lines is reporting a $408 million loss for the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier expects to suffer one more quarterly loss before travel picks up in the spring and summer.
Flight cancellations snarl holiday plans for thousands
Read full article: Flight cancellations snarl holiday plans for thousandsAirlines canceled hundreds more flights Saturday because of staffing issues tied to COVID-19, disrupting holiday celebrations during one of the busiest travel times of the year.
Omicron is latest blow to pandemic-weary front-line workers
Read full article: Omicron is latest blow to pandemic-weary front-line workersThe surge in coronavirus cases driven by the new omicron variant is the latest blow to hospitals, police departments, supermarkets and other critical operations struggling to maintain staffing levels.
A $1.2 billion loss for Delta, but recovery is on the radar
Read full article: A $1.2 billion loss for Delta, but recovery is on the radarDelta Air Lines says it lost $1.2 billion in the first quarter, but the airline thinks it can be profitable by late summer unless there's a resurgence of COVID-19.
Under pressure, some Ga. corporate leaders slam voting bill
Read full article: Under pressure, some Ga. corporate leaders slam voting billThe sweeping rewrite of Georgia's election rules that was signed into law by Republican Gov. AdThe reaction wasn’t much friendlier from voting rights groups that fought the legislation and criticized corporate players for not trying to block it altogether. Quincey noted on CNBC that Coca-Cola, even before Georgia's action, already had paused its PAC activity and would consider politicians' position on voting rights as part of future contributions. Bishop Reginald Jackson, who presides over more than 400 African Methodist Episcopal churches in Georgia, said too many corporate leaders have been “silent” on voting laws. Civil rights groups have filed federal lawsuits seeking to overturn the Georgia law.
US air travel rises to highest levels yet since pandemic hit
Read full article: US air travel rises to highest levels yet since pandemic hit(AP Photo/Rick Bowmer, File)Across the United States, air travel is recovering more quickly from the depths of the pandemic, and it is showing up in longer airport security lines and busier traffic on airline websites. "Our last three weeks have been the best three weeks since the pandemic hit, and each week has been better than the one prior,” American Airlines CEO Doug Parker said Monday. However, the airlines still have far to go before travel fully returns to pre-pandemic levels. Since the pandemic hit, air travel has picked up a few times — mostly around holidays — only to drop back down. The airline said people are booking leisure trips to beach and mountain destinations but business travel is still lagging.
Delta CEO Ed Bastian discusses testing, summer 'surge'
Read full article: Delta CEO Ed Bastian discusses testing, summer 'surge'FILE - In this Oct. 29, 2019 file photo, Delta Air Lines CEO Ed Bastian talks at the new $3.9 billion Terminal C at LaGuardia Airport in New York. Bastian says travel demand will be weak for the next couple months, but he's holding onto hope for a summer surge " in 2021. Q: How much international travel do you expect this summer? Q: How important is testing passengers for COVID-19 to allow more international travel? We’re seeing some revenue improvement ... and I don’t think that’s a big step to go from $12 million a day to break-even.
Most major US airlines ban guns in luggage for DC flights
Read full article: Most major US airlines ban guns in luggage for DC flightsDelta, United and Alaska airlines said Thursday, Jan. 14, 2021 they will bar passengers flying to Washington from putting guns in checked bags. Delta Air Lines was the first to announce Thursday that it will prohibit checking guns to Washington-area airports and was soon followed by United, Alaska and American. American Airlines is bringing back a ban on serving alcohol on flights to and from the Washington area — flights go dry starting Saturday through next Thursday. Price also said that it is “a good idea” to prohibit passengers from putting guns in checked bags if they are flying to Washington. Federal law allows passengers to put guns in checked baggage if they are unloaded and in a locked, hard-sided case, although airlines have the discretion to ban guns.
A $12 billion loss for 2020, Delta is cautious in early 2021
Read full article: A $12 billion loss for 2020, Delta is cautious in early 2021FILE - In this May 14, 2020 file photo, several dozen mothballed Delta Air Lines jets are parked on a closed runway at Kansas City International Airport in Kansas City, Mo. Delta Air Lines is reporting a $755 million loss for the fourth quarter, which brings its loss for all of 2020 to more than $12 billion. Delta on Thursday reported a quarterly loss of $755 and $12.4 billion in losses for all of 2020. So far in January, air travel in the U.S. is down nearly 60% from a year ago. Helped by two rounds of government aid, plus billions more from issuing new debt, Delta ended 2020 with $16.7 billion in liquidity.
As virus cases rise, Southwest sees slower travel recovery
Read full article: As virus cases rise, Southwest sees slower travel recoveryDALLAS – Southwest Airlines cautioned Thursday that the tenuous recovery in air travel could be fading as coronavirus cases spike across the United States. Airline stocks surged on Monday after Pfizer reported promising early results from a trial of a coronavirus vaccine. The report from Dallas-based Southwest added to fears that the spreading virus cases will hurt travel demand heading into Thanksgiving, a key period for airlines. It is unclear whether the weakening booking trends is directly related to the surge in virus cases. Airline stocks fell in afternoon trading.
Correction: Virus Outbreak-Business Travel story
Read full article: Correction: Virus Outbreak-Business Travel storyBrandon Contreras represents the worst fears of the lucrative business travel industry. Work travel represented 21% of the $8.9 trillion spent on global travel and tourism in 2019, according to the World Travel and Tourism Council. Right now, Delta’s business travel revenue is down 85%. ExxonMobil cut business travel in February — even before the pandemic’s full impact was felt in the U.S. — because of falling global demand for oil. But he thinks new kinds of business travel could also emerge.
US airlines still piling up losses but say demand is rising
Read full article: US airlines still piling up losses but say demand is risingSouthwest Airlines on Thursday, Oct. 22, lost $1.16 billion in the normally strong third quarter, which includes most of the summer vacation season. (AP Photo/Wilfredo Lee)DALLAS – Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air travel, but a recent uptick in passengers, however modest, has provided some hope. However, air travel in October is still down 65% from a year ago. The Seattle company said that removing one-time gains and costs, the loss came to $3.23 per share, which was wider than the $2.86 per share loss predicted by analysts. Earlier this month, Delta Air Lines posted a $5.4 billion loss and United Airlines lost $1.8 billion for the third quarter.
Delta posts $5.4 billion 3Q loss as pandemic hammers travel
Read full article: Delta posts $5.4 billion 3Q loss as pandemic hammers travelSince then, Delta has concentrated on hoarding cash — it raised $9 billion by mortgaging its frequent-flyer program — and cutting costs. Executives said 40,000 took leave during the summer; 12,000 were on leave in September. “We haven’t needed to furlough — our employees took care of that themselves,” Bastian said in an interview. They saved each other’s jobs.”Back in April, airlines reached agreements with the Treasury Department for up to $25 billion in payroll relief, with Delta getting $5.4 billion. Delta employees say the company helped them apply for taxpayer-funded unemployment benefits if they took a voluntary leave of absence.
Airline CEO: If you insist on not wearing a mask, we’ll insist you not fly with us -- from here on out
Read full article: Airline CEO: If you insist on not wearing a mask, we’ll insist you not fly with us -- from here on outDelta Air Lines CEO Ed Bastian has put out what some are calling an aggressive enforcement of mask-wearing on the company’s flights. ”If you board the plane and you insist on not wearing your mask, we will insist that you don’t fly Delta into the future,” Bastian told Today in an interview Wednesday. The CEO said the stance is one he’s taking in order to keep crew and passengers safe during the pandemic. As the coronavirus pandemic continues, Delta flights have been booked to 60% of their capacity, Today reported after speaking with Bastian. “We’ve had some customers indicate that they have (an) underlying condition that makes wearing a mask dangerous for them,” Bastian said.
Growth has stalled" .... surging infections hit Delta
Read full article: Growth has stalled" .... surging infections hit DeltaGrowth has stalled, Delta CEO Ed Bastian said. Delta is the first U.S. airline to report financial results for the May-through-June quarter, and the numbers were ugly. Deltas second-quarter loss compared with a year-ago profit of $1.44 billion during what is normally a strong season for airlines. Atlanta-based Delta said its adjusted loss worked out to $4.43 per share, wider than the $4.16 per share average in a FactSet survey of analysts. Whether that happens at Delta could depend on how many employees accepted buyouts or early retirement offers by a Monday deadline.
Airlines increase job cuts as pandemic crushes air travel
Read full article: Airlines increase job cuts as pandemic crushes air travelAmerican Airlines, meanwhile, plans to cut its 17,000 management and support staff by 30% about 5,100 jobs. Major airlines in Europe and the United States are on better footing after receiving promises of billions in assistance. If the pandemic rages on and air travel remains severely depressed this fall, however, there are no guarantees, even for the strongest airlines. The airlines' troubles are creating ripples through the aviation industry, at aircraft makers Boeing and Airbus and their suppliers. Airlines are looking for governments to help not only with financial aid but to take steps that might encourage more people to fly.