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Delta Air Lines axes three routes, offers refunds
TheStreet7d agoneutral
Delta Air Lines axes three routes, offers refunds

With jet fuel prices continuing to sit at decades-old highs over the war in Iran and the closure of the Strait of Hormuz, almost every airline has reworked its network to optimize high-traffic routes and cut any underperforming ones. United Airlines and American Airlines both trimmed approximately ...

Delta Air Lines is betting big on Philippines travel
TheStreet13d agoneutral
Delta Air Lines is betting big on Philippines travel

An archipelago composed of over 7,600 islands in the western Pacific Ocean, the Philippines has gone from being largely overlooked to a travel destination that has skyrocketed in popularity among tourists from Western countries in the last five years. The number of international travelers to the ...

The World Cup effect leaves airlines with a tougher test
TheStreet14d agoneutral
The World Cup effect leaves airlines with a tougher test

The World Cup produced the sort of demand shock airlines crave, with international travelers booking late, accepting connections and paying unusually high fares. But that didn’t change the economics of the industry. American Airlines (AAL) added 27,000 seats on 12 routes and offered 1.45 million ...

Bloomberg18d agoneutral
San Antonio to Borrow $944 Million for Major Airport Expansion

(Bloomberg) -- San Antonio, one of the fastest-growing US metro areas, is tapping the bond market for almost $1 billion as part of an ambitious program to expand and improve its airport. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free

Alaska Airlines exits one entire international market
TheStreet20d agoneutral
Alaska Airlines exits one entire international market

More than 6,500 miles from the West Coast in the southwestern Pacific Ocean, New Zealand is, for many, a dream holiday destination, due to both its striking natural beauty and the cost and time commitment required for those visiting from North America. Along with flag carrier Air New Zealand, ...

Airfares Are Up 27% Over the Past Year
Barrons.com22d agoneutral
Airfares Are Up 27% Over the Past Year

Airfare inflation slowed in June, but that will be of little comfort to those yet to book their summer vacation. Airline fares rose just 0.2% in June, easing from 2.7% in May and 2.8% in April as jet fuel prices pulled back after surging in the previous months. Delta Air Lines CEO Ed Bastian said fares will stay elevated even if fuel prices moderate during the company’s earnings call Friday.

Corrections & Amplifications
The Wall Street Journal25d agoneutral
Corrections & Amplifications

Marsh & McLennan is ranked No. 101 overall and Fiserv No. 386 overall in the Best Companies for the Future ranking of companies in the S&P 500 stock index as of Dec. 31, which Bendable Labs prepared for the WSJ Leadership Institute. The ranking published in the June 8 Journal Report incorrectly placed Marsh & McLennan at No. 275 because of errors in calculating its scores for AI readiness, innovation and financial fitness. Fiserv was incorrectly placed at No. 364 because of errors in calculating its scores for AI readiness and resilience.

Delta earnings: Jet fuel spike has helped airlines pass on higher fares
Yahoo Finance Video25d agoneutralVIDEO
Delta earnings: Jet fuel spike has helped airlines pass on higher fares

Delta Air Lines (DAL) stock continues to face some turbulence ahead of Friday's close despite flying past second quarter estimates with the operator reporting revenue of $17.67 billion and adjusted earnings of $1.56 per share. The airline cited struggles with elevated jet fuel prices while boasting strong demand. Raymond James managing director Savi Syth discusses her recent downgrade on the stock.

Delta CEO Says Fliers Can Afford These Higher Fares
The Wall Street Journal25d agoneutral
Delta CEO Says Fliers Can Afford These Higher Fares

Airlines have passed soaring fuel costs along to travelers for months, and industry observers have watched for signs that consumers hit their limit. But airline executives say it hasn’t happened yet, and Delta said Friday that volatile fuel prices won’t knock its year off course.

Delta Air Lines Q2 Earnings Call Highlights
MarketBeat25d agoneutral
Delta Air Lines Q2 Earnings Call Highlights

Delta Air Lines (NYSE:DAL) reported record June-quarter revenue and better-than-expected profitability, with executives telling analysts that strong demand, fare momentum and diversified revenue streams are supporting the carrier’s full-year outlook despite a sharp increase in fuel costs. Chief Exe