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The Latest Breaking News from Ed Bastian

Delta Says Fallout From Global Tech Outage Will Cost Company $500M

CrowdStrike, the security company responsible for the global tech outage, attributed the problem to a bug in an update they made.

International Business Times

Delta CEO says airline is facing $500 million in costs from global tech outage last week

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown last week

The Independent UK

Delta CEO Ed Bastian Attends Olympics Amid Recovery Efforts

Delta CEO travels to Paris for Olympics amidst recovery from tech outage, facing potential revenue loss.

Top News

CrowdStrike says significant number of devices back online after global outage

But experts says full recovery from Friday’s IT failure could take weeks

The Guardian - UK

Delta Air Lines says cancellations continue as it tries to restore operations after tech outage

Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights

The Independent UK

Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion

Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter

The Independent UK

Delta strikes deal with start-up airline to fly from US to Saudi Arabia

Delta Air Lines has struck a deal with Riyadh Air to start flights next summer

The Independent UK

Tom Brady ascribes his success to demanding he be treated like it’s his ‘first day on the job’

Everyone has the chance to criticize him—and he welcomes it, he said on a podcast this week.

Fortune

1 Airline Stock to Shelter Investors from Boeing's Woes

Safety issues at Boeing mean that not every air carrier will benefit from the boom in air travel - as in, some airlines will literally not have enough planes to meet demand for the peak summer travel season. There is one airline that is least reliant on Boeing and is…

Barchart

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Fortune

Fortune's Best Companies to Work For tout trust and culture over pay and benefits

"Trust is foundational...It sits at the core of culture," says Delta CEO Ed Bastian.

Top News

Delta Air Lines Reports Billion Profit in Q4, Plans to Expand Fleet with Airbus A350s

Delta Air Lines reported strong earnings in Q4, plans to purchase 20 Airbus A350s to cater to high-end travelers, and remains optimistic about travel deman...

The Independent UK

George Santos has a meltdown about Delta Air Lines

The disgraced former lawmaker claimed that his long name — George Anthony Devolder Santos — gives him trouble on the airline, especially compared to those with ‘literally no name’ on their boarding passes

Fortune

Delta CEO says fears business travel has died are greatly overstated—hybrid workers are just shifting the data

Business travel at Delta Air Lines is down “about 20% below” pre-pandemic levels. But its CEO Ed Bastian isn’t concerned because rather than globe-trotting to see colleges, hybrid workers are mixing business and pleasure.

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The Independent UK

Delta reverses some loyalty programme changes that enraged travellers

CEO Ed Bastian said he had received ‘hundreds’ of emails from disappointed customers

The Independent UK

Delta Air Lines scales back changes to its loyalty program after a revolt by customers

Delta Air Lines will move more slowly in tweaking its frequent-flyer program after customers complained loudly about changes the airline announced back in September

Fortune

Best Buy CEO Corie Barry says we're in the 'funflation' economy with $1,000 Taylor Swift tickets—and it's why sales are worse than expected

The "YOLO economy" gave way to a summer of "revenge spending," and now, finally, to "funflation."

Fortune

Delta’s CEO knows he went ‘too far’ with SkyMiles membership changes

Delta Air Lines CEO, Ed Bastian, admitted the company's changes to Sky Miles and American Express card holder benefits had gone "too far."

The Independent UK

Tom Brady will toss passes for Delta Air Lines. The retired quarterback will be a strategic adviser

Tom Brady is putting on a Delta Air Lines uniform, at least figuratively

Fortune

Delta boss to CEOs griping about workers not returning to the office: ‘They’re on my planes’

"New work patterns mean that people are traveling who in the past couldn’t because they were in an office Monday through Friday."

StockNews.com

3 Soaring Airline Stocks

The International Air Transport Association (IATA) raised its global airline profit outlook to $9.8 billion by year-end, more than double the previous forecast of $4.7 billion. No wonder then that the The MSCI All World Stock Index for airlines is at the highest level since June 2021, up about 20%…

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