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The Latest Breaking News from Ed Bastian

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.

Investors Business Daily

After powering through July 4th weekend, airlines face tough summer

After pushing through storms and some flight cancellations over the busy Fourth of July weekend, airlines and their passengers face the challenge of navigating through the rest of a busy summer.

Tribune News Service

Crowds of July 4 travelers get some reprieve as cancellations ebb

The biggest crowds of July 4 holiday travelers since the COVID-19 pandemic jostled their way through U.S. airports this weekend, keeping stress on an already beleaguered transportation system.

Tribune News Service

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Delta offers $10,000 to passengers to give up seats on overbooked flight

After a traveler said Delta Air Lines recently offered passengers $10,000 in cash to take a later flight after overbooking, many were shocked and started considering what their airplane seat might be worth.

Tribune News Service

July 4th travelers face canceled flights, crowded airports and higher fares

People across the U.S. are expected to fly in the highest numbers since the start of the COVID-19 pandemic for the July 4 holiday weekend, stressing a beleaguered transportation system experiencing tens of thousands of cancellations and delays.

Tribune News Service

Flight trouble: Strained US airlines face July 4 test

New York (AFP) - US airlines are bracing customers for what will probably be another bumpy holiday weekend as the industry struggles to manage a surge in travel demand that probably exceeds its current capacity.

AFP

The airlines already know Fourth of July will be a mess

Delta is offering an unusual waiver to try to get customers to rebook

Axios

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Delta, United Airlines Positive On Post-Pandemic Spending: Reuters

Delta Air Lines Inc (NYSE:DAL) and United Airlines Holdings Inc (NASDAQ:UAL) downplayed the prospect of a U.S. economic recession, saying a shift in consumer spending from goods to services would keep their businesses afloat, reported Reuters. Delta Airlines lifted its June quarter's revenue guidance but on a lower capacity than planned. Related: Why Delta Air Lines…

Benzinga

Delta CEO predicts busy summer travel season

Even as he sees long-term changes to how people work and travel for business, Delta Air Lines CEO Ed Bastian said international and business passengers are coming back strong.

Chicago Tribune

Major airlines turn focus to hiring as pilots age out of the industry

As pilots age out of the industry nationwide, major airlines are vying to get ahead of the staffing problem.

Tribune News Service

Flight cancellations persisted after January COVID-19 spike, data show

Flight cancellations continue to persist for U.S. airlines since severe disruptions caused by the January COVID-19 surge and even as carriers staff up ahead of what's expected to be a busy summer travel season, according to the latest federal data on air travel.

Tribune News Service

2022 summer travel season: Expect a lot of fellow flyers

Don't expect any elbow room on the plane this summer.

Axios

Delta posts $940 million Q1 loss, but sees strong recovery underway

Delta Air Lines posted a $940 million net loss for the first quarter of the year, battered by the omicron surge and higher fuel costs.

Tribune News Service

Delta Stock Surges On Narrowing Q1 Loss, Upbeat Travel Demand Outlook

"With a strong rebound in demand as omicron faded, we returned to profitability in the month of March," said CEO Ed Bastian.

The Street

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Los Angeles Times

Will Delta's new $1.9-billion terminal make flying out of LAX easier?

Delta Air Lines passengers flying through notoriously congested Los Angeles International Airport will soon enjoy about double the amount of terminal space and nine additional passenger gates under a $1.9-billion terminal renovation project that is more than a year ahead of schedule.

Reason

Lifting the Mask Mandate for Air Travel Would Do a Lot More To Cut Down on Unruly Passengers Than an Expanded No-Fly List

Delta CEO Ed Bastian asked U.S. Attorney General Merrick Garland to create a special no-fly list for passengers convicted of creating onboard disruptions.

The Street

Delta Air Lines CEO Backs a Controversial Plan

The airlines' leader wants to make the skies a little friendlier, but his plan will likely face opposition.

Axios

Delta asks DOJ to add unruly passengers to federal "no-fly" list

There should be "zero tolerance for any behavior that interferes with flight safety," CEO Ed Bastian wrote.

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