How many ways are there to sidestep Congress' refusal to make it easier for unions to organize? Let us count them. No, better than that, let's add yet another example -- this one involving Delta Airlines -- to the growing pile of end-runs around Congress to reward a constituency this White House badly needs at its side in next year's presidential election.
Airlines are experiencing a bad case of déjà vu. Faced with jet fuel prices 50% above their levels just a year ago, the carriers tried to hike ticket prices last weekend for the eighth time this year. The first six went through without a problem, boosting the average fare in major markets by about 14%, according to FareCompare.com. And if you go back to mid-December, airlines were nine-for-nine in fare increases.
Airlines and banks tend to be on the same page when it comes to regulation of business -- they don't want it.
The head of Delta Air Lines says he is disappointed that a suspected terrorist was able to bring explosives on board a Christmas Day flight despite the company's efforts to follow federal safety regulations.
The head of Delta Air Lines says he is disappointed that a suspected terrorist was able to bring explosives on board a Christmas Day flight despite the company's efforts to follow federal safety regulations.
A midnight deadline passed Friday, but the Fox network has still not resolved its differences with Time Warner Cable on a deal to keep its channels on the air in several major cities.
The notion that real estate could be a safe haven may seem like investing lunacy right now. After all, the words "real estate" conjure nightmares of the nation's decimated housing industry and the downward spiral of commercial real estate. And yet, as often happens, the wreckage of the sector is creating opportunities: a group of dependable real estate investment trusts (REITs) whose prices have been pummeled so badly that their yields are nearing double digits.
Many investors looking for safe havens in a rough market are latching onto double-digit dividend yields offered by real estate investment trusts.
Delta Air Lines will cut its international flights by an additional 10% starting in September as volatile fuel prices and sinking demand pressure the struggling airline industry, according to a memo released Tuesday.
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.
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 Airlines and Northwest reminded investors Wednesday that hard-hit financial companies haven't cornered the market for massive writedowns.
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 and Northwest Airlines agree to merge. CNN's Maggie Lake reports.
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.
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
There was little doubt last summer when former Northwest Airlines executive Richard Anderson took the helm at Delta Air Lines that the carrier would gobble up a competitor. It was just a matter of which one and when.
The Delta-United combination may have just been a rumor for now, but with fuel prices on the rise and profits falling, consolidation will soon be a fact
Along with packed airplanes and millions of holiday travelers, the skies next week will be filled with talk that a round of airline mergers could soon reshape the industry and reduce the choices available to fliers.
An official says that UAL Corp.'s United Airlines and Delta Air Lines Inc. are discussing a combination that would keep the United name and the corporate headquarters in Chicago. But Delta issued a statement denying talks
Delta Air Lines Inc. is getting a prize nonstop gateway to China, U.S. Secretary of Transportation Mary Peters announced Tuesday.
Delta Air Lines Inc. on Tuesday named board member and industry veteran Richard Anderson the airline's new chief executive.
When Delta Air Lines named board member Richard Anderson as its new CEO Tuesday, speculation mounted that it would soon lose a major architect of its ongoing turnaround.
1. Idle thought: Does Disney get a royalty every time the phrase "Cinderella" is used during March Madness? If so, the Mouse might soon own CBS in addition to ESPN.
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