Trends - Delta Air Lines - Business Recorder

Delta Air Lines

Delta Air to resume flights to Israel starting June 7

Delta Air Lines said late on Wednesday it will resume flights to Israel starting June 7, becoming the second major...

Published 14 Mar, 2024 11:07am

World

At APEC, Biden touts workers’ rights, stable Chinese relations

SAN FRANCISCO: US President Joe Biden on Thursday said he would keep working to advance a Pacific trade pact, even...

Published 17 Nov, 2023 10:37am

Business & Finance

American Airlines signals profit hit by rising labour, fuel costs

BENGALURU: American Airlines Group Inc on Wednesday forecast first-quarter profit below market expectations, joining...

Published 17 Apr, 2023 06:41am

Business & Finance

Delta earnings beat estimates as travel demand remains strong

CHICAGO: Delta Air Lines Inc on Friday forecast current-quarter profit below expectations on higher operating costs...

Published 13 Jan, 2023 06:40pm

World

Airlines hope for return to normal Thursday after FAA outage snarls US travel

WASHINGTON/CHICAGO: The US aviation sector was struggling to return to normal on Wednesday after a nationwide ground...

Published 12 Jan, 2023 10:21am

Markets

Wall Street wavers as hot CPI data stokes rate hike jitters

NEW YORK: Wall Street stocks fluctuated on Wednesday as investors digested surprisingly strong U.S. inflation data,...

Published 13 Jul, 2022 11:57pm

Business & Finance

Air France-KLM seeks to raise $2.4bn in new share issue

PARIS: Air France-KLM on Tuesday announced a bid to raise 2.26 billion euros ($2.4 bn) by issuing new shares, as the...

Published 24 May, 2022 01:35pm

Markets

Wall St rises as recovery in growth stocks offsets mixed earnings

U.S. shares rose on Wednesday as a rebound in growth stocks on falling yields and strong results from Delta Air...

Published 13 Apr, 2022 11:37pm

Business & Finance

US airlines see strong travel recovery after Omicron

NEW YORK: Major US carriers lifted their revenue forecasts Tuesday as a faster-than-expected travel recovery from...

Published 15 Mar, 2022 08:28pm

Technology

Websites of major US airlines face outage

Southwest canceled nearly 300 flights on Wednesday.

Published 17 Jun, 2021 10:15am

World

Delta Air Lines flight diverted after passenger tries to breach cockpit

LOS ANGELES: An unruly passenger who tried breaking into the cockpit of a Delta Air Lines flight bound for Tennessee...

Published 06 Jun, 2021 02:56am

Business & Finance

Delta CEO foresees 'renaissance' of US business travel

"I think there's going to be a renaissance of business travel in our country, not just for the airlines, I think in general," Bastian said. "Customers have a desire to get back out on the road and reconnect like never before," he said.

Published 03 Jun, 2021 07:51pm

Business & Finance

Delta to resume flight service to Tel Aviv on Friday

Israel's bombardment of Gaza and rocket attacks on Israeli towns ceased after 11 days under an agreement mediated by Egypt, which prompted foreign airlines to suspend services.
We continue to closely monitor the security situation and will make adjustments to our flight schedules as necessary," the spokesperson added.

Published 21 May, 2021 08:37pm

Business & Finance

Delta plans to buy 25 Airbus planes amid expected travel rebound

Delta last week reported a quarterly loss, but pointed to an expected return to profitability later in 2021 amid quickly rising travel demand.

Published 23 Apr, 2021 10:33am

Business & Finance

United Airlines reports another loss, bullish on recovery

Starting in July, the big US airline will offer international service to Dubrovnik, Croatia, Athens, Greece and Reykjavik, Iceland.

Published 20 Apr, 2021 10:20am

Opinion

US voting law debates stoke tussle over airline tax breaks

Airlines are bracing for challenges to tax breaks they receive from US states as a result of wading in to a ...

Published 10 Apr, 2021 04:35am

Business & Finance

US airlines see recovery signs, United expects to end cash burn in March

"I do think we're near the end of the virtual world," United Chief Executive Scott Kirby said at a J.P. Morgan conference.
Shares of United surged 7.1% to $60.30 in early trading on the New York Stock Exchange.

Updated 15 Mar, 2021 09:24pm

Business & Finance

US airlines see 'glimmers of hope' as bookings improve

Earlier, Southwest Airlines and JetBlue Airways also pointed to a steady rise in leisure bookings as signs of a slowing pandemic due to vaccine rollouts drive more people to go on vacations or visit their friends and relatives.

Published 15 Mar, 2021 05:36pm

Business & Finance

Delta to spend $30mn to offset most of its 2020 impact on climate

The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.

Updated 04 Mar, 2021 09:52pm

Business & Finance

Delta Air Lines reports $12.4bn 2020 loss on pandemic hit

Amid depressed traffic levels, Delta's loss for all of 2020 was $12.4 billion, compared with profits of $4.8 billion in 2019.

Published 14 Jan, 2021 08:40pm

Business & Finance

Delta calls 2021 year of recovery after first loss in 11 years

Reports 2020 loss of $12.4 billion.
Says on track to halt cash burn.
Expects improvement in summer.
Shares up 2.2% in pre-market trade after results.

Published 14 Jan, 2021 07:40pm

Business & Finance

Delta Air Lines in talks to add more quarantine-free flights

Cantarutti said that after an initial trial period through late January, Delta hoped to leverage data and experience from the flights to help expand those routes to leisure travelers and reach agreements on other destinations.

Published 16 Dec, 2020 11:17am

Business & Finance

United, Delta join American Airlines in scrapping change fees on international tickets

Chicago-based United said it has scrapped change fees for international bookings through the year end and plans to further extend the policy.
Major US airlines began implementing temporary change fee waivers this year to tide over the uncertainty surrounding the COVID-19 pandemic.

Published 10 Dec, 2020 12:36am

Business & Finance

Delta to avoid involuntary job cuts except for pilots, CEO says

Delta has now "effectively managed our staffing between now and the start of peak summer 2021 travel.

Published 15 Sep, 2020 07:25pm

Business & Finance

Delta launches $6.5 billion debt deal backed by frequent flyer program

The airline said it would use the loyalty program as collateral to secure the new loans and issuance, as it continues to burn through about $27 million in cash each day.
US airlines have cut costs and raised debt to survive what they call an unprecedented industry crisis.

Published 14 Sep, 2020 04:49pm

Business & Finance

Delta Air Lines plans to resume more flights on international routes

Delta said its resumed service would include daily flights from Seattle to Tokyo, Seoul, Beijing and Shanghai.

Published 22 Aug, 2020 10:25am

Business & Finance

Southwest says 28pc of workers seek leaves or exits, Delta reviewing pilot staffing

One person who reviewed the numbers said they represented around 24% of Southwest pilots and 33% of flight attendants.
American Airlines and United Airlines have also offered voluntary departure deals while together sending more than 60,000 warnings of potential furloughs to their employees.

Published 21 Jul, 2020 01:12am

Business & Finance

Delta Air to take up to $3bn charge on voluntary retirement plans

Delta, like other large US airlines, has been encouraging workers to leave voluntarily before a government ban on forced job cuts expires on Sept. 30.
The company, which had more than 91,000 employees in 2019, said on Tuesday that about 17,000 of them opted for buyouts.

Published 15 Jul, 2020 06:39pm

Business & Finance

Delta CEO says air travel 'at a stall' amid resurgent virus, recovery over 2 years away

We're at a stall right now," CEO Ed Bastian told Reuters, saying demand that built up over June for travel to places like Las Vegas, Florida or New York had suffered due to fresh cases and quarantines,
"We haven't gone backwards," he said. But "we're not growing," he added.

Published 14 Jul, 2020 05:13pm

Business & Finance

Rise in US coronavirus cases gives Delta pause over new flights

The continued growth of the virus through the Sun Belt, coupled with quarantine restrictions being implemented in large markets in the northern part of the country.
Delta added about 1,000 flights across its network for July after some modest signs of demand improvement in May and June.

Published 09 Jul, 2020 08:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.63
USD PKR Interbank Buying / Jun 11	278.33
USD to Japanese Yen / Jun 11	157.27
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.27
Euro to USD / Jun 11	1.08

Stock	Volume
S&P 500 / Jun 10	5360.79
Nasdaq / Jun 10	17193.59
Dow Jones / Jun 10	38868.04
India Sensex / Jun 11	76698.22
Tokyo Nikkei / Jun 11	39134.79
Hang Seng / Jun 11	18215.57
FTSE 100 / Jun 11	8162.25
Germany DAX 30 / Jun 11	18407.10

Item	Value
Gold 10 Grams PKR / Jun 10	205247
Petrol/Litre / Jun 11	268.36
Crude Oil USD/Barrel / Jun 11	77.82
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Gold Spot USD/Ounce / Jun 11	2303.89
Diesel/Litre / Jun 11	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Delta Air Lines

Most Popular