All Delta Air Lines articles – Page 14
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NewsDelta says road to recovery will be long and ‘choppy’
Delta Air Lines has seen a few positive signals for a recovery after the coronavirus pandemic almost completely shut down air travel during April, as it was able to reduce cash burn amid a small increase in bookings, but the airline’s losses during the quarter indicate the industry’s crisis is still far from over.
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NewsDelta posts huge second-quarter loss as pandemic takes toll
Delta Air Lines posted an adjusted pre-tax loss of $3.9 billion for the second quarter, even before fleet restructuring costs and investment write-downs widened its overall coronavirus crisis losses incurred for the period.
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NewsMajor US airlines announce schedule changes
The three US legacy passenger carriers have announced changes to their schedules after a four-month period in which capacity and demand had hit all-time lows due to the coronavirus pandemic.
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NewsDelta resumes flights to China this week
Delta Air Lines will resume flights between the US and China, the first US carrier to do so since the beginning of the coronavirus pandemic, as travel restrictions and regulatory sparring between the two countries’ aviation authorities ease.
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NewsDelta and LATAM apply to DOT for codeshare approval
Delta Air Lines and Chilean carrier LATAM have applied to the Department of Transportation for blanket approval to operate codeshare routes within each others’ networks.
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Airline BusinessNorth American carriers hunker down through crisis
While hard hit North American carriers may have found some comfort from state support packages and the size of its home markets, they have taken action swift action to limit cash burn to protect their businesses while waiting for passenger demand to return
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NewsDelta retires MD-88s and MD-90s
Delta Air Lines marked the end of an era on 2 June when it retired its final McDonnell Douglas MD-88 and MD-90 aircraft, closing 34 years during which the types served as workhorses in the fleets of US carriers.
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NewsAirlines reinstate flights to US vacation spots as cities re-open
As traditional US summer holiday spots like Orlando and Las Vegas begin loosening restrictions after an almost-three-month coronavirus-forced hibernation, airlines are seeing passenger interest rise to these destinations, but also across their networks.
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NewsKKR to buy six Delta A321s in sale-leaseback deal
Investment company KKR has signed an agreement to buy six Airbus A321s from Delta Air Lines, which it will lease back to the Atlanta-based carrier.
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NewsDelta aims to reduce cash burn to zero by year-end
Delta Air Lines says it aims to reduce its daily cash burn to zero by the end of the year as it begins to ramp up its schedule to accommodate a small uptick in demand after the global coronavirus pandemic decimated air travel several weeks ago.
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NewsDelta to retire 777s, completing shift to A350s
Delta Air Lines says it will be retiring its Boeing 777 fleet by the end of 2020 as the coronavirus pandemic continues to disrupt global travel, creating openings for airlines to permanently streamline their fleets and save money by shifting to more efficient aircraft.
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NewsWarren Buffett’s investment firm sells out of four major US carriers
Renowned investor Warren Buffett has dumped his stakes in four major US carriers, four years after joking that his firm Berkshire Hathaway was set to benefit from airlines’ tendency to increase fares ahead of its shareholder events. Buffett disclosed the decision to shareholders during Berkshire Hathaway’s 2020 event on 2 ...
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NewsDelta upsizes secured private placement to $3.5bn
Delta Air Lines has priced $3.5 billion of five-year notes at 7% as it boosts its liquidity position to manage through the coronavirus pandemic.
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NewsDelta Air Lines reports Q1 loss, cuts daily cash burn by half
Delta Air Lines says it anticipates cutting its daily cash burn by 50% as the coronavirius pandemic drags on into the second quarter of the year and passenger demand continues to be at about 5% of normal.
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NewsDelta secures $5.4 billion in CARES Act payroll support
US carrier Delta Air Lines will receive $5.4 billion in emergency funding through the CARES Act’s payroll support programme.
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NewsSouthwest and American announce government aid deal
Two US passenger carriers say they have reached deals with the government on the amount of emergency financial aid promised to the industry as part of the $2 trillion CARES Act, as airlines realign their networks to face the realities of the sharp drop-off in travel demand since the coronavirus pandemic began.
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NewsJetBlue and Delta apply for federal payroll grants
JetBlue Airways and Delta Air Lines have applied for federal payroll grants in time for the US Treasury Department to ensure quick approval, yet the chief executives of both carriers say they will need to raise additional capital.
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Airline BusinessUS carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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NewsDelta to ground 300 aircraft and cut all flights to mainland Europe
Delta Air Lines has told employees that it is grounding 300 aircraft, representing 30% of its total aircraft fleet, and cutting all flights to mainland Europe as the coronavirus cripples travel and grips the world.
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NewsLos Angeles teacher sues Delta for fuel dump
A teacher at a Los Angeles area high school has sued Delta Air Lines following a fuel dump from a Delta jet experiencing engine troubles after departing Los Angeles International airport.