January 28, 2009 |
Delta Air Lines Inc. posted a fourth-quarter loss that exceeded analysts' estimates. Excluding one-time costs for fuel hedges and stock grants related to buying Northwest Airlines, the loss was $340 million, or 50 cents a share, Delta said. Revenue was $6.71 billion, which also trailed some projections. Delta was hurt when jet fuel prices fell in the second half of 2008 after it had locked in fuel contracts at higher rates. The airline plans to cut capacity by as much as 8% this year.
December 19, 2008 |
It was another G'day for travelers looking to head Down Under. Delta Air Lines Inc., which recently became the world's biggest carrier by merging with Northwest Airlines, said Thursday that it would begin nonstop service between Los Angeles International Airport and Sydney, Australia, starting in July. The start of Sydney flights -- which may prompt a fare war on the popular U.S.
November 22, 2008 |
Nine days after announcing new overseas routes for 2009, Delta Air Lines Inc., the world's biggest carrier, said in a regulatory filing Friday that it planned to reduce future domestic and international capacity because demand for seats had slowed amid the global financial crisis. The Atlanta-based airline said it would give more details about its outlook in early December. Spokeswoman Betsy Talton said Delta still planned to add the 15 new international routes it announced Nov.
October 16, 2008 |
Hiking airfares and adding fees bolstered revenue for two of the nation's largest carriers, but high fuel costs continued to wipe away earnings for American Airlines and Delta Air Lines Inc. Both carriers posted operating losses in the third quarter when oil prices remained high. Even with recent declines in the price of jet fuel, the airlines are bracing for a downturn in air travel that could keep them from making any profit.
September 26, 2008 |
Delta Air Lines Inc. and Northwest Airlines Corp. shareholders gave the go-ahead Thursday to a combination that would create the world's biggest carrier, deciding that in their volatile industry they liked their chances better together than on their own. The stock-swap deal announced April 14 still requires Justice Department approval. One other potential hurdle is a federal lawsuit seeking to block the deal that is set for trial Nov. 5 in San Francisco.
August 6, 2008 |
Wi-Fi is heading skyward. Delta Air Lines Inc. announced Tuesday that it would begin offering the service -- for a fee -- on its domestic flights this fall. The airline expects to outfit 330 planes by next summer, making it the first major U.S. carrier to offer Wi-Fi on its entire domestic fleet (not including regional subsidiaries such as its Comair service).
June 19, 2008 |
Delta Air Lines, struggling with high fuel costs, plans to slash about 13% of its flights at Los Angeles International Airport, including nonstop service to Boston, Hartford, Conn., and Columbus, Ohio, according to a national flight database. The latest cuts would be the deepest so far at LAX, which had managed to escape the brunt of an industrywide move to ground flights as a way to cope with escalating fuel prices. Delta is the fourth-largest carrier at the airport.
April 14, 2008 |
Delta and Northwest could announce a combination as early as Tuesday that would create the world's biggest airline, three people familiar with the talks said Sunday, though pilot contract issues still loomed and there was no guarantee the deal would move ahead. The people, who spoke on condition of anonymity because of the sensitivity of the situation, said officials were mobilizing for an announcement provided the boards of the two companies give final approval to a deal.
April 12, 2008 |
Delta Air Lines Inc. and its pilots agreed in principle Friday on a contract that would clear the way for a merger with Northwest Airlines Corp. to create the world's largest carrier, people familiar with the talks said. An accord would raise pilots' pay and give them an equity stake in the combined airline, which would keep Delta's name and Atlanta headquarters, said the sources, who requested anonymity. Some terms are still being negotiated, two of the people said.
March 29, 2008 |
Delta Air Lines Inc. is considering a proposal from Northwest Airlines Corp. to push ahead on a merger even without a labor agreement between their pilot unions, people familiar with the matter said Friday. The new approach may include a smaller pay package for pilots, said the people, who declined to be identified because the talks were private. The carriers must reassess how their tie-up would work as soaring jet-fuel costs and lower demand have wiped out projected profits, the people said.