Delta Ekes Out Small 1Q Profit on Higher Air Fares
Delta Air Lines reports its first-quarter profit fell, as costs related to salaries rose.
delta air lines
Airlines' On-Time Performance Slips During Winter Months
The government said Thursday that 80.3 percent of flights by U.S. carriers arrived on time in January and February, down from last winter's record 84.9 percent.
Delta Air Lines Buys 49 Percent Stake in Virgin Atlantic
Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Landing rights at London's Heathrow Airport are limited, and the deal is a way for Delta to expand its foothold there.
Economic Impact From Hurricane Sandy Won't Derail Economy
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
Airlines Collect a Record Amount of Bag Fees
U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period.
Your Checked Luggage Is Saving the Airline Industry
As much as customers hate them, baggage fees and other tacked-on charges for travelers have made a huge difference to the bottom lines of airlines.
Another Airline Folds: Delta to Shut Down Comair in September
Delta Air Lines is shutting down its shrunken, 35-year-old regional carrier Comair at the end of September as it switches to bigger jets and it is sending termination notices to its 1,700 remaining employees.
Can One-Way Tickets Save You Money on Airfare?
Although it often requires a little more patience and time, booking one-way tickets separately rather than buying a standard round-trip ticket can offer better control over both price and itinerary.
7 Ways Inflation Will Hit Americans in 2012
With the economy still trying to muster a recovery, and unemployment still around 8.5%, any price increases are painful. And just a month into 2012, a spate of headlines points to more hurt ahead. Here are seven ways inflation will be digging into your wallet this year:
Why Your Pension Is at Risk
With the bankruptcy proceedings of American Airlines parent company AMR having just gotten under way, it's too early to tell what it might mean for employees. But past bankruptcies offer a roadmap for what can happen to workers anywhere when their employer goes under -- they often end up holding the short end of the stick.
More Last-Minute Cancellations Ahead for Flyers?
Holiday air travelers getting ready to head to the airports may want to prepare for long delays. But government fines for keeping you waiting too long may lead some airlines to just cancel some flights instead.
Why Even the Wealthiest 1% Are Fed Up With Wall Street
The Occupy Wall Street crowd has plenty of reasons to complain about how the big financial institutions treat Main Street America. But you'll be shocked to find out how poorly the masters of the investment world treat their richest clients. Multimillionaire and ex-CEO Al Checchi pulls back the curtain.
How to Calculate Market Cap and Enterprise Value
Despite how difficult and intimidating professional money managers and Wall Street talking heads make it seem, math for investing is material that most 10-year-olds have learned upon graduating fifth grade. Let's consider two key metrics that you'll want to consider before buying shares of any company.
Why Airlines Hiked Fares Over the Weekend
Airlines are tossing consumers aside and grabbing the benefit of lower federal taxes on travel tickets. By Saturday night, nearly all the major U.S. airlines had raised fares to offset taxes that expired the night before.
Priceline's New Alerts Help Bargain Hunters Find Deals
Priceline is adding new features to allow its customers to be alerted when certain pre-set criteria are reached, yet another move by an online travel agency to personalize itself for its customers. Read what stock analysis firm Trefis sees as the future for Priceline -- and for its stock.
Southwest Remains No. 1 for Airline Customer Service
The American Customer Satisfaction Index's annual report on airlines showed Southwest still on top of the rankings, and far ahead of No. 2 Continental. Southwest even improved its score, a rare bright spot in an industry that came in last overall in customer satisfaction among those the ACSI rates.
Another Icelandic Volcano, Another Threat to Airlines
Just over a year after the ash cloud from the Eyjafjallajokull volcano caused an expensive and chaotic shutdown of air travel across much of Europe, an different volcano in Iceland, Grimsvoetn, is erupting.
Airline Stocks Despite Travel Alert
Despite the State Department issuing a travel alert Sunday following the killing of infamous terrorist Osama Bin Laden, Wall Street analysts expect airline stocks to continue their upward ride.
Fly the Hungry Skies: Continental Drops Free Pretzels
The United-Continental merger was supposed to bring together the best of both carriers, but it doesn't always work that way. Continental is following United's lead and eliminating its free pretzels. But there are still a few options for flyers seeking free munchies -- and some of them are mighty tasty.
Airline Complaints Surged 28% in 2010
Airlines improved their performance last year, with fewer lost bags and bumped passengers due to overbooking and more on-time arrivals, but travelers were still dissatisfied, according to an annual study of airline quality.
Flyers, Get Ready to Pay More to Take Off
The price of a plane ticket is heading sharply higher. That's because airlines face steeper fuel costs and continue to cut capacity to keep profits from falling. You can still find some relative bargains, but it's going to take a lot more planning ahead.
Former Northwest Employees Sue Delta Over Pay Discrepancy
A half-dozen Delta Air Lines flight attendants sued the carriers for what they say is discrimination in the form of smaller profit-sharing paychecks for former Northwest Airlines employees, the Associated Press reported Wednesday.
While Airlines Are Profiting Again, Fliers Are Suffering
Of all the industries that have achieved record profits recently, none have posted more remarkable results than the airline industry. For the first time in a decade, the industry is on a glide path to profitability -- but it's getting there by squeezing its customers.
At Least These Extra Airline Fees Come With Little Luxuries
Those irritating fees aren't going away, but over the next few years, some of them will be attached to new a la carte services that travelers may be happier to pay for. Think personal concierge services, intercity rail ticket sales -- and even in-flight spa treatments.
Delta Lowers Profit Guidance on Winter Storms
The storms last month not only inconvenienced travelers; they also cut into Delta Air Lines's profit, the company warned Wednesday. Delta has lowered its profit guidance by $45 million as a result.
Airlines Attach Big Fees to Small Seat Upgrades
When Virgin American offered traveler writer Randy Diamond the chance to upgrade his ticket to "Main Cabin Select" for a mere $500 more than the coach fare, he assumed it must be for a first-class seat. But what the airline is actually offering for that upgrade may surprise you.
Will Air Travel Plunge Following Terror Plot?
Will airline travel plunge after two bombs were discovered on board cargo planes?
Fewer Seats and Higher Fares Help Airline Earnings Take Off
Delta, US Airways and AMR, the parent of American Airlines, all posted higher-than-expected earnings for the peak summer travel season. Airlines have pushed fares up by limiting the number of seats for sale, and have also seen growing international and corporate travel.
AirTran Shares Spike 65% on Southwest Deal
Southwest Airlines, one of the earliest discount airlines, will buy rival AirTran -- another sign of consolidation in an industry that has witnessed the mergers of Northwest with Delta and United with Continental over the last two years.