Delta Air Lines Inc. and Northwest Airlines Corp. shareholders gave the go-ahead Thursday to a combination that would create the world's biggest carrier, deciding that in their volatile industry they like their chances better together than on their own.
On a recent rainy day at Dallas-Fort Worth International Airport, a suitcase bound for Colorado Springs, Colorado, lay on the ground outside a terminal under a maze of American Airlines conveyor belts that ferry bags to and from nearby planes.
On Feb. 21, 2008, Mitchell Berns heard every flier's two least favorite words: weather related. Citing snow, Delta Airlines was canceling his flight from Las Vegas to New York City and rescheduling him for a redeye connecting in Boston. With 47% of all delays so far in 2008 caused by weather (up 5% from last year), most fliers can relate. And they know that normally this story ends with a bleary-eyed tale recounted the next day at the water cooler. Not this time. It ends in court, with our traveler $838 richer.
Delta Air Lines Inc. and Northwest Airlines Corp. shareholders gave the go-ahead Thursday to a combination that would create the world's biggest carrier, deciding that in their volatile industry they like their chances better together than on their own.
On a recent rainy day at Dallas-Fort Worth International Airport, a suitcase bound for Colorado Springs, Colorado, lay on the ground outside a terminal under a maze of American Airlines conveyor belts that ferry bags to and from nearby planes.
On Feb. 21, 2008, Mitchell Berns heard every flier's two least favorite words: weather related. Citing snow, Delta Airlines was canceling his flight from Las Vegas to New York City and rescheduling him for a redeye connecting in Boston. With 47% of all delays so far in 2008 caused by weather (up 5% from last year), most fliers can relate. And they know that normally this story ends with a bleary-eyed tale recounted the next day at the water cooler. Not this time. It ends in court, with our traveler $838 richer.
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.
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.
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.
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...
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