February 20, 2008 |
Delta and Northwest are close to a deal that would create the world's largest airline and jump start what is expected to be the industry's biggest consolidation wave in decades. The long-awaited pact between Delta Air Lines Inc., the nation's third-largest airline, and No. 5 Northwest Airlines Corp. could come as early as today if there is an agreement by the pilots union for a common contract.
November 23, 2007 |
UAL Corp., parent of No. 2 U.S. carrier United Airlines, is keen for a possible merger, according to an article in the Dec. 3 edition of BusinessWeek that cited industry experts. Pardus Capital Management, a New York-based hedge fund that owns a stake in UAL and Atlanta-based Delta Air Lines, is pushing for a merger of the second- and third-largest U.S. carriers, according to recent media reports.
November 15, 2007 |
Delta Air Lines Inc. is looking for a partner, but it isn't United Airlines. The U.S.' third-largest carrier said Wednesday that it had had no discussions with No. 2 United about a merger that would create the nation's largest airline, dismissing a report that talks had been going on for some time. But Atlanta-based Delta did not rule out a merger with another airline.
September 8, 2007 |
Delta Air Lines Inc., the No. 3 U.S. carrier, raised round-trip fares on domestic flights by $10 to offset rising costs, but it was unclear whether the increase would hold as demand softens. The test of pricing power comes at the start of the typically weak autumn travel period, when demand generally falls off. "It is unusual to see attempted increases in this traditionally slower travel period," said Rick Seaney, chief executive of FareCompare.com.
August 22, 2007 |
atlanta -- Delta Air Lines Inc. fought hard during bankruptcy to avoid being taken over by another carrier. Less than four months after exiting Chapter 11, it reignited speculation Tuesday about a future merger by naming former Northwest Airlines Corp. Chief Executive Richard Anderson as its next CEO. Anderson, currently a member of the board of Atlanta-based Delta and an executive at UnitedHealth Group Inc., will replace Gerald Grinstein on Sept. 1.
August 11, 2007 |
Delta Air Lines Inc. doubled the fee for people who buy tickets through its reservations agents to $20, and added as much as $25 to fees for other services. The charges, about $5 higher than industry averages, are part of an effort to steer customers to its website, a spokeswoman said.
July 19, 2007 |
Crowded planes helped three of the nation's major airlines post second-quarter profits Wednesday, but high fuel prices limited the gains as industry executives fret over what will happen if the prices remain high going into the fall. American Airlines, the nation's biggest carrier, saw its profit rise but still fell short of Wall Street's expectations. Parent company AMR Inc. blamed summer storms that caused flight cancellations and delays. Delta Air Lines Inc.
June 22, 2007 |
Delta Air Lines Inc. and US Airways Group Inc. will be eligible to compete for new China routes this year and in 2009 in bidding reserved for carriers that don't yet have the right to fly there. The airlines may benefit from a Transportation Department order that will allow U.S. passenger carriers to apply next month for 56 flights to China. Starting Aug. 1, the daily flights will be added over the next two years under an agreement reached by the two nations May 23. Among the six largest U.S.
May 9, 2007 |
Delta Air Lines is expected to announce today that it will add 21 daily flights to nine cities at Los Angeles International Airport as it continues to expand its presence in Southern California. With the new flights, Delta will have 100 departures a day to 48 nonstop destinations, or double the number of flights it had at the same time last year when the airline was undergoing Bankruptcy Court reorganization.
May 7, 2007 |
When Delta Air Lines Inc. went into a financial tailspin a few years ago, its longtime slogan "We love to fly, and it shows" became the butt of jokes as passengers encountered grungy cabins, gaping flight delays and grumpy attendants. Rather than loving to fly, "the employees seemed stressed and frustrated," said David Urode, a Delta frequent flier. "I was constantly asking ... if there was another airline I could fly." Not anymore.