Delta

Posting $5.7 Billion Loss, Delta Cuts Back on Summer Flying

Posting $5.7 Billion Loss, Delta Cuts Back on Summer Flying

Delta Air Lines said it would cut back on its summer flying after announcing a $5.7 billion loss on an $11 billion decline in revenue in the second quarter amidst the coronavirus pandemic.
Ed Bastian, the airline’s CEO, said that he now sees a long road ahead before the airline industry begins to recover.
“We continue to believe that it will be more than two years before we see a sustainable recovery,” …

Delta, Latam File for Antitrust Immunity for Joint Venture

Delta, Latam File for Antitrust Immunity for Joint Venture

Delta Air Lines and Latam Airlines Group filed for antitrust immunity for a planned trans-American joint venture.
“Delta and LATAM Airlines Group S.A. have entered into, and hereby seek approval and a grant of antitrust immunity for, a comprehensive metal-neutral joint venture agreement to combine their highly complementary networks and operate a fully integrated international airline joint venture between North and South America,” the two said in the filing now before …

Alaska, American, Delta, Hawaiian, JetBlue, Southwest, United Agree to Common Wellness Assessment

Alaska, American, Delta, Hawaiian, JetBlue, Southwest, United Agree to Common Wellness Assessment

Seven U.S. airlines agreed Monday on a common set of coronavirus-related health and wellness procedures for passengers.
The list of carriers includes Alaska, American, Delta, Hawaiian, JetBlue, Southwest, and United.
The airlines will require all passengers to complete a “health acknowledgement” in the course of checking in for a flight. The acknowledgement will cover that a face covering must be worn, that the passenger does not have a fever (100.4° F or …

Delta to Add 1,000 Flights in July

Delta to Add 1,000 Flights in July

Delta Air Lines said it would add almost 1,000 flights to its July schedule, compared to the previous month.
Earlier in the week, the airline said had received permission from the Chinese government  to restart its service to Shanghai from both Seattle and Detroit, with two weekly flights from each hub.
Other returning flights will include non-stops from a variety of cities to its hubs in Atlanta, Detroit, Minneapolis, and Salt Lake …

Delta Gets Green Light from China to Restart Service to Shanghai

Delta Gets Green Light from China to Restart Service to Shanghai

Delta Air Lines said had received permission from the Chinese government  to restart its service to Shanghai from both Seattle and Detroit, with two weekly flights from each hub.
The Civil Aviation Administration of China said Monday it would allow U.S. airlines to operate four weekly flights to the country.  In addition, the provincial Shanghai government gave Delta permission to restart its service to Shanghai.
Under the agreement with Chinese authorities, the …

Delta Promises to Block Middle Seats Through September 30

Delta Promises to Block Middle Seats Through September 30

Delta Air Lines said it would continue to block all middle seats on its aircraft through at least the end of September.
In addition, the airline will cap seating at 50% in first-class cabins, 60% in coach, premium economy, and premium economy lite, and 75% in Delta One business-class cabins.
On smaller aircraft with seating in a 2×2 configuration, Delta said it will continue to block some aisle seats as well.
“Reducing the …

U.S. Airlines Struggle as Airports Become Parking Lots

In early May, Warren Buffett divested all of his investment firm’s holdings in the four major U.S. airlines, warning that the “world has changed” for the aviation industry due to the coronavirus crisis.  In mid May, Boeing CEO Dave Calhoun said he saw a bumpy road ahead for the airline industry and predicted that a major carrier would not survive 2020 as a result.
It appears Buffett and Calhoun were on …