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The courtship of Japan Airlines Corp. has apparently gone into overdrive, with officials from AMR Corp.'s (NYSE:AMR) American Airlines Inc. and Delta Air Lines Inc. (NYSE:DAL) each lobbying Japanese government officials about the benefits JAL could reap from forging closer ties to each of their rival alliances.JAL has been a...
Posted on November 6, 2009 2:27 PM
Delta Air Lines Inc. (NYSE:DAL) and Australia's Virgin Blue Airlines Group received a three-year approval from the Australian Competition and Consumer Commission for a joint venture where they will coordinate operations between the U.S. and Australia, including on pricing, revenue management, schedules, capacity and routes flown.ACCC chairman Graeme Samuel said...
Posted on November 2, 2009 12:23 PM
AirTran Airways Inc. (NYSE:AAI) joined the liquidity stampede on Wednesday, announcing deals with its credit card processor and lenders to provide the discount airline with added flexibility entering the winter travel season.AirTran said it received an extension on its revolving line of credit and its letter of credit through the...
Posted on September 30, 2009 2:22 PM
Delta Air Lines Inc. (NYSE:DAL) and the Virgin Blue Airlines Group are seeking approval for a joint venture that will lower their costs to operate U.S. to Australia routes. The companies hope to pool revenue, collaborate to plan routes and introduce new products, and even to use one another's planes....
Posted on July 9, 2009 3:29 PM
US Airways Group Inc. CEO Doug Parker on Wednesday renewed his call for further consolidation of the airline industry, saying domestic carriers need to contract if the business is to stay viable and make money in downturns.Parker, speaking at the company's annual meeting in New York, praised the 2008 merger...
Posted on June 11, 2009 4:15 PM
As joint ventures go, it's a whopper. And as developments in the global airline industry go, it's pretty consequential too.On Wednesday Air France-KLM and Delta Air Lines Inc. (NYSE:DAL) said they had completed their long-anticipated deal to combine operations over the North Atlantic. The deal involves sharing costs and revenues...
Posted on May 21, 2009 8:40 AM
Atlanta-based Delta Air Lines Inc. (NYSE:DAL) is starting to make October's $2.6 billion purchase of Northwest Airlines Corp. visibly integrated. In a press release announcing a new look and other integration efforts, Delta said Northwest planes will be donning the Delta logo, as will nearly 40,000 flight attendants, pilots,...
Posted on March 30, 2009 4:26 PM
Delta Air Lines Inc. (NYSE:DAL) told employees Tuesday it intends to cut more jobs and reduce 10% of its international capacity as the world's largest airline attempts to navigate a global slowdown while continuing integration work on last year's $2.6 billion purchase of Northwest Airlines Corp.Atlanta-based Delta's blaming the economy...
Posted on March 10, 2009 3:17 PM
In a 10-K filing, Delta Airlines Inc. (NYSE:DAL) said it "expects to report a significant loss in the March 2009 quarter." Delta blamed fuel-hedging losses coupled with the impact of the global recession, which has weakened demand for air travel. It doesn't help that the first quarter is traditionally its...
Posted on March 3, 2009 3:04 PM
Delta Air Lines Inc. over the weekend outlined one of the benefits of its $2.6 billion acquisition of Northwest Airlines Corp., saying it would trim millions in costs by 2010 by surrendering excess gates at airports around the country.As competitors Delta and Northwest each maintained separate gate operations at out-of-the-way...
Posted on February 9, 2009 1:51 PM
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Juergen Lasowski
And the winners are...
