Stocks got a big bounce back Wednesday as investors welcomed encouraging news from the banking and airline sectors. Falling oil prices also helped spark a strong stock market rally.
Delta Air Lines Inc. announced Tuesday its plans for the composition of its senior leadership team after it acquires Northwest Airlines Corp. later this year.
Northwest Airlines Corp. pilots stand to get a nearly 2.4% equity stake in Delta Air Lines Inc. after the combination of the two companies is completed, according to a summary of a joint contract agreement reached between pilot negotiators from both carriers.
Leaders in the pilot union at Northwest Airlines Corp. approved a tentative joint contract with Delta Air Lines Inc. to take effect after the two airlines combine.
Delta and Northwest pilots have agreed to submit to binding arbitration to help them craft an integrated seniority list if the two sides cannot reach a deal on their own within a certain time frame.
The skyrocketing price of fuel could "devastate" the airline industry and hurt the economy, according to a report from the Business Travel Coalition released Monday.
A day after Northwest Airlines announced it was scaling back domestic flights, Delta Air Lines did the same Wednesday -- announcing a 3 percent cut for the second half of 2008.
Stocks got a big bounce back Wednesday as investors welcomed encouraging news from the banking and airline sectors. Falling oil prices also helped spark a strong stock market rally.
Delta Air Lines Inc. announced Tuesday its plans for the composition of its senior leadership team after it acquires Northwest Airlines Corp. later this year.
Northwest Airlines Corp. pilots stand to get a nearly 2.4% equity stake in Delta Air Lines Inc. after the combination of the two companies is completed, according to a summary of a joint contract agreement reached between pilot negotiators from both carriers.
Leaders in the pilot union at Northwest Airlines Corp. approved a tentative joint contract with Delta Air Lines Inc. to take effect after the two airlines combine.
Delta and Northwest pilots have agreed to submit to binding arbitration to help them craft an integrated seniority list if the two sides cannot reach a deal on their own within a certain time frame.
The skyrocketing price of fuel could "devastate" the airline industry and hurt the economy, according to a report from the Business Travel Coalition released Monday.
A day after Northwest Airlines announced it was scaling back domestic flights, Delta Air Lines did the same Wednesday -- announcing a 3 percent cut for the second half of 2008.
As the battered airlines cut flights to save on fuel-related costs, passengers can bid bon voyage to discount flights to sunny vacation destinations like Florida, experts say.
Get ready for higher airfares and get used to those crowded planes as rising oil prices force airlines to face the grim prospects of finding ways to deal with multi-billion dollar fuel bills.
Congress Wednesday examined a proposed $3.1 billion merger that would create the world's largest carrier as critics of the deal warned it could drive up the price of air travel.
Two of the three biggest U.S. carriers said Thursday they have
again raised ticket prices, this time by $20 roundtrip, to recoup
rapidly rising fuel costs
Just as the Boeing 737 started its initial approach into Washington's Reagan National Airport, Gerard Arpey asked for my pen and pad. Arpey, the polished chief executive of American Airlines, was on his way from Dallas to brief FAA administrators about the maintenance issues that had recently grounded nearly half his fleet. But as the seatbelt sign went on, his mind turned to the industry's recent merger mania.
The CEOs of Delta Air Lines and Northwest Airlines defended their proposed $3.1 billion merger before House and Senate committees Thursday, addressing lawmakers' concerns that the deal would stifle competition in the airline industry or result in massive job losses.
Stocks were poised for a mixed open Wednesday as investors weighed a flurry of corporate earnings news including bigger-than-expected losses from both Delta Air Lines and the bond insurer Ambac.
Delta Air Lines, the nation's third-largest carrier, says its loss widened in the first quarter to a whopping $6.39 billion due to soaring fuel prices and the steep decline in the company's market value
With his slicked back hair and rimless glasses, Delta CEO Richard Anderson looked like an older Clark Kent when he strode to the podium at the Barclay Hotel in New York Tuesday morning. And perhaps underneath that dark suit was, in fact, a superman costume. That's because in less than a year at the helm of Delta, he pulled off what was thought to be an impossible task - a $17.7 billion merger with Northwest to create the world's largest airline.
Delta Air Lines announced a long-speculated deal to acquire Northwest Airlines for about $3.1 billion Monday, a combination that will create the world's largest airline and could lead to a series of other deals to reshape the U.S. airline industry.
The directors of Delta Air Lines and Northwest Airlines reached agreement on a merger deal that -- if approved -- would create the world's largest airline.
Travelers can expect fewer deals and higher fares on some routes if Delta Air Lines and Northwest Airlines complete the merger announced Monday, because it could trigger a wave of consolidation within the airline industry.
Investors panned Delta's long-in-the-works deal with Northwest, sending shares of both companies down sharply on Tuesday on disappointment that the deal may not yield as much in cost savings or higher revenue as Wall Street expected
When Allison Fagerness' flight to Rome is canceled, she's forced to call off her vacation and return home. Her online travel agent, Expedia, promises a refund, but her airline, Alitalia, won't pay. What should she do?
Delta Air Lines and Northwest Airlines are close to announcing a merger agreement, according to reports in the Wall Street Journal and Financial Times Sunday.
American Airlines canceled a handful of flights on Friday as it finished up its inspections of wiring bundles on some of its planes, while Delta Air Lines resumed normal service after completing its inspections.
Delta Air Lines and American Airlines announced Thursday the cancellations of hundreds of flights so the companies can conduct inspections on bundles of wires in some of their jets.
American Airlines and Delta Air Lines canceled dozens of flights Thursday as they continue their inspections of wiring bundles on some of their planes.
Leaders of the union representing pilots at Northwest Airlines Corp. and Delta Air Lines Inc. have reached an agreement on uniting membership under a merged carrier, the Detroit News reported Tuesday.
Half of Julie Liening's airline seat is missing. An extra-large passenger is sitting in it, forcing her to lean into the aisle or sit on the passenger's lap. Not a comfortable way to fly, nor, for that matter a safe way to fly. But when she asks her airline for compensation, she's turned down. What's next?
Denise Reed calls Delta Airlines to get a price quote on a flight between Fort Lauderdale, Florida, and Memphis, Tennessee. Or so she thinks. A few days later, she gets a bill. Now Delta won't return her money, saying its tickets are nonrefundable. Is Reed out of luck?
The travel industry is sinking billions of dollars into technology like online booking tools, check-in kiosks and phone systems that recognize your voice, promising it will make you next trip easier than ever.
Delta Air Lines Inc., which exited bankruptcy April 30, Monday said it began distributing about 21 million shares to previous debt holders, as it works through a pile of disputed claims.
Northwest Airlines is seeing about one out of eight flights cancelled due to lack of flight crews in recent days, as the pilots union steps up attacks on management that could signal problems ahead for the airline and its customers.
The battle for control of Delta Air Lines--on Nov. 15, US Airways made an unsolicited $8 billion bid to acquire its rival before it emerges from bankruptcy and to potentially create the world's lar...
A body was found in an airplane wheel well after a Delta Air Lines flight from Africa landed in Atlanta on Friday morning, airline spokeswoman Betsy Talton said.
Delta Air Lines ranks no. 414 on FORTUNE's Global 500 this year, with $16.2 billion in revenues, up 7.9% from the previous year. The Atlanta, Georgia-based company was ranked no. 408 on the 2005 list. Its 2005 profits were $-3.8 billion.
Leaders of the union representing Delta Air Lines' pilots have overwhelmingly endorsed a tentative concessions deal aimed at getting the carrier out of bankruptcy, the Wall Street Journal reported late Friday.
NEW YORK (Reuters) - Hurricane Katrina could hasten Delta Air Lines Inc.'s already likely bankruptcy and add to problems facing the rest of the hard-pressed U.S. airline industry, Standard & Poor's said Wednesday.
Struggling to shore up its finances and cut costs, Delta Air Lines announced plans to raise as much as $500 million through a securities offering, while detailing plans to cut maintenance costs.
DATA STORAGE Sony Sees Blue Light Blue lasers squeeze much more data onto optical discs than the red lasers found in today's DVD recorders. In Japan, Sony begins selling the BDZ-S77, the first cons...
Beware: The mileage police are on the prowl. Delta Airlines won a $9 million judgment against two brokers of frequent-flier miles in February, and the airline industry is starting to go after indiv...
Is the U.S. airline industry headed for another suicidal fare war? Last summer a 50%-off sale filled the sunny skies, and the players are still smarting from the losses. America West Airlines and N...
Grounded forever, Pan Am joins the handful of large U.S. corporations that have closed up shop. Surprisingly few die this way. Most companies with terminal troubles scurry for Chapter 11 protection...
Corporations are raising cash the old-fashioned way. Instead of huge borrowing, they're selling shares. So far this year, they've raised $13 billion from such secondary issues, vs. $9 billion for a...
AS BETTE DAVIS snapped in her Oscar-winning film All About Eve: ''Fasten your seat belts. It's going to be a bumpy night.'' Sure, no one's officially declared a recession yet, but in boardrooms fro...
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