Delta Air Lines (NYSE:DAL) reported system traffic for March 2011 was up 0.5% compared to March 2010, on a 6.2% increase in total capacity. Load factor was down 4.5% to 79.7%.
Delta Air Lines (NYSE:DAL) the world's second largest air carrier, is seeking $2.6 billion in loans to refinance debt, according to a Bloomberg report.
Mr. Kirby said, "We think there's significant value to be generated through another round of consolidation with US Airways. it's probably five to seven years from now that it will happen."
A merger would most likely pair US Airways with one of the other three big American legacy carriers: American Airlines (NYSE:AMR), Delta (NYSE:DAL) or United (NYSE:UAL).
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US Airways (NYSE:LCC) President Scott Kirby, speaking at the J.P. Morgan transportation conference, said the legacy carrier was still looking to consolidate.
Despite the difficult current environment, the company was able to increase its Q1 unit-revenue, a metric that measures ticket prices.
Delta President Ed Bastian Tuesday at an analyst meeting in New York said, "We've seen an unprecedented level of price discipline in the industry, We've had eight fare increases since the beginning of the year and we added another
Delta Air Lines (NYSE:DAL) has scaled down its growth plans for the year, as higher fuel prices caused by unrest in the Middle East, along with flight disruptions due to the Japanese earthquake, have slammed the industry.
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The International Air Transport Association, or IATA, cut its industry-wide profit forecast to $8.6 billion from $9.1 billion, based on rising fuel prices. The $9.1 billion profit estimate, made in December, was based on an averag
The agreement also allows the customers to receive boarding passes for all segments at their first check-in and tag bags through to their final destination. Passengers can connect between DAL and WJA flights at more than 25 gatewa
Delta Air Lines (DAL) and WestJet Airlines (WJA) have announced that they have entered into an interline agreement, effective immediately, that allows customers of both airlines to purchase connecting flights on one ticket, Reuter
Delta’s shares are down 3.05% to $11.43. Southwest Airlines is down 1.56% to $11.66, and the recently merged United Continental is down 0.08% to $25.24. The NYSE Arca Global Airline Index is down 1.29%. "
"Shares of major airlines are lower today as a storm is grounding flights while it blasts through the Northeast and Midwest of the U.S. More than five thousand flights were cancelled on Wednesday, day 2 of the storm, and air trave
A large winter storm that walloped the western US is moving toward the East Coast, snarling air traffic nationwide. Dallas-Fort Worth Airport is among those closed.
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Airline stocks are mixed as airlines cancelled flights at certain major airports due to weather. United Continental Holdings (UAL) is down 0.5% while Delta Air Lines (DAL) is up 0.94%. US Airways (LCC) is up 0.8%.
Delta Air Lines (NYSE:DAL) reported Q4 EPS of $0.19, ex-items, missing consensus estimates of $0.26 per share. Revenues rose 14% year-over-year to $7.8 billion, ahead of consensus estimates of $7.7 billion.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...