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The Latest Breaking News from Ed Bastian

Delta Airlines CEO Slams Lawmakers For 'Unacceptable' Travel Failures

The fall out from the FAA's stop order continues, with a call to fully fund the agency.

The Street

Airline Stocks Are Flying High As Air Travel Demand Increases; Are They A Buy Or A Sell?

The airline industry expects demand to soar coming out of the pandemic. What does that mean for airline stocks?

Investors Business Daily

Airline Stocks Are Rallying In 2023, Even With Travel Chaos: What Happens Next?

The S&P 500 cash index was higher by 2.8% and some sectors were in the green by much more than that.

Zenger

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Aviation leaders call for more funds for the FAA after this week's system failure

This week's NOTAM system failure, which caused thousands of flight delays and cancelations, has airline industry leaders calling for more stable funding to upgrade antiquated FAA systems.

WEKU

Delta Has Good News for Your Travel Plans

Staffing issues have hampered the entire airline industry since the pandemic, but Delta provided a timeline for when the issue would be resolved.

The Street

Travel demand boosts Delta results but labor costs dent profit forecast

New York (AFP) - Delta Air Lines on Friday reported better-than-expected results in the final months of 2022, helped by strong consumer demand, although it expects labor costs to weigh on first-quarter profits this year.

AFP

Delta continues path toward free Wi-Fi

ATLANTA — Delta Air Lines is moving further along its path of offering free Wi-Fi on flights, a years-long effort of testing and gradual technology upgrades.

Tribune News Service

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Delta Stock Leaps As Carrier Sees 2023 Profit Boost From Travel Demand Surge

"Demand for air travel remains robust as we exit the year and Delta's momentum is building," said CEO Ed Bastian.

The Street

A strategy session in the skies: How Delta CEO Ed Bastian took the airline out of a tailspin into ‘the strongest buying in our history’

"Airlines have already been through the worst recession an industry can go through," says Bastain. During the pandemic he made several strategic shifts that have allowed Delta to roar out of the gates.

Fortune

Delta preparing for 5 million passengers over Thanksgiving week

ATLANTA — Delta Air Lines is preparing to handle more than 5 million passengers over Thanksgiving week, one of the busiest travel periods of the year and what is expected to be the heaviest Thanksgiving traffic Delta has seen since the start of the pandemic.

Tribune News Service

Richard Branson urges Heathrow not to limit Christmas flights

Strong dollar and end of Covid restrictions lead to huge boom in travel from US to UK, Virgin and Delta say

The Guardian - UK

Holiday flights will be pricey and packed. Here are 5 things to know before you book

Airlines and travel websites say that bookings for holiday travel are strong despite higher airfares, as pandemic-weary travelers seem willing to pay.

WEKU

High air fares help Delta climb above fuel, payroll costs

Delta Air Lines reported a $695 million profit for the third quarter of this year, with pricey air fares bringing in record revenue that covered higher costs for fuel and payroll and then some.

Tribune News Service

Delta Air Lines Stock Jumps On Record Q3 Revenues, Solid Year-End Travel Outlook

"The travel recovery continues as consumer spend shifts to experiences and demand improves in corporate and international," said CEO Ed Bastian.

The Street

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The Independent UK

Delta travellers will soon be able to use electric aircrafts to get to and from the airport

The service will launch first in Los Angeles and New York

Tribune News Service

Delta CEO says airline industry sees 'big shift coming out of COVID'

As the markets and economists brace for economic downturn, Delta Air Lines Inc. CEO Ed Bastian says he's not concerned about a global recession given the demand the airline industry is seeing.

Tribune News Service

Airlines commit to pay for hotel, meals for some flight cancellations

Delta Air Lines and other carriers are committing to pay for hotel and food expenses for some passengers whose flights are canceled or delayed by three hours or more, as the federal government pushes airlines to improve how they treat customers during flight disruptions.

Tribune News Service

Unions: Airlines should forgo stock buybacks until operations improve

Unions are pushing Atlanta-based Delta Air Lines and other carriers to hold off on stock buybacks that would reward shareholders, saying carriers should first restore staffing to avoid operational meltdowns and complete labor contract talks.

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Tribune News Service

Delta testing free Wi-Fi on some flights this summer

ATLANTA — Delta Air Lines is testing free Wi-Fi on some flights, part of a years-long effort to eventually launch free wireless internet service across many of its flights.

AFP

US airlines post profits, but struggle to boost capacity

New York (AFP) - Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to restore capacity back to pre-pandemic levels face manpower and cost challenges.

Tribune News Service

Delta had worst cancellation rate among US airlines in May

Delta Air Lines had the most cancellations of any U.S. airline in May, according to the latest federal data.

AFP

Delta results show strong demand but also cost pressures

New York (AFP) - Shares of Delta Air Lines tumbled Wednesday as swelling costs pressured quarterly earnings, despite persistently robust demand that so far appears resilient amid inflation.

Tribune News Service

To limit cancellations, Delta halts flight growth for rest of year

Delta Air Lines on Wednesday said it will halt flight growth for the remainder of the year despite surging demand to avoid mass cancellations that have plagued the carrier so far this summer.

The Street

Delta Airlines Posts Q2 Earnings Miss As Fuel, Staff Costs Bite

CEO Ed Bastian said the carrier expects "meaningful full year profitability" after a challenging second quarter.

Investors Business Daily

Delta Earnings Miss Amid Higher Costs Despite Travel Revival; Airline Stocks Mostly Fall

Delta Air Lines earnings returned on a travel revival, but missed Q2 views amid higher costs. DAL stock fell while rival airlines were mixed after Tuesday's jump.

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