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Delta Air Lines could see $5 bln benefit in '09 with $50 oil

NEW YORK (MarketWatch) -- Delta Air Lines could see a $5 billion benefit in 2009 if oil remains at around $50 a barrel, said Ed Bastian, the company's president. In a Tuesday meeting with analysts in New York, Bastian said the rapid decline in fuel prices have more than offset a decline in passenger numbers and the slower revenue growth that followed. With oil prices most recently around $50 a barrel,...

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Mumbai

A few thoughts about this past week's terrorist massacre in Mumbai, India.First, a heartfelt praise. A long-time friend of mine who is a pilot with Delta Airlines was in Mumbai last week, and in fact was staying at the Taj...

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Delta cuts capacity deeper as economy bites

CHICAGO (Reuters) - Delta Air Lines , which bought a rival carrier, downsized and cut 2,000 jobs this year, said on Tuesday it would trim 6 percent to 8 percent of its capacity in 2009 as travel demand wanes.

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Delta to cut capacity, reduce workforce

Delta Air Lines plans to cut its capacity by 6 to 8 percent in 2009 and shrink its workforce, the company announced Tuesday.

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Delta to cut more capacity, jobs

Blaming a global recession and weaker demand for air travel, Delta Air Lines said today it will make additional cuts to domestic and international seat capacity and trim more jobs next year.

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Capacity, job cuts coming to Delta

Delta Air Lines plans to cut its flight capacity by 6 percent to 8 percent next year and shrink its work force, the company told employees in a memo Tuesday.

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Delta to cut 2009 capacity by 6% to 8%

NEW YORK (MarketWatch) -- Delta Air Lines said Tuesday it expects its 2009 systemwide capacity to fall by 6% to 8% due to the global economic recession and weaker demand for air travel. Domestic capacity will be down 8%-10% and international capacity will be down approximately 3%-5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for...

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Financial News: Delta details planned capacity cuts

ATLANTA : Delta Air Lines Inc. hinted Tuesday that more job cuts could be on the way as it disclosed that it will reduce consolidated system capacity by 6 percent to 8 percent in 2009, compared to t

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Delta Plans Capacity Cuts

Delta Air Lines will cut systemwide capacity by 6% to 8% next year as the global recession continues to weaken demand for air travel.

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Delta plans to cut flights, employees

ATLANTA — Delta Air Lines Inc. hinted Tuesday, Dec. 2, that more job cuts could be on the way as it disclosed that it will reduce consolidated system capacity by 6 percent to 8 percent in 2009, compared to the current year.

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Hilton HHonors® and SkyMiles® Team up for Their Biggest Bonus Yet: Travelers Earn Six Times the Miles This Winter

ATLANTA--(BUSINESS WIRE)--Hilton HHonors and Delta Air Lines have announced the launch of one of their most rewarding promotions. The new offer allows Hilton HHonors and Delta SkyMiles members to Double Dip® to

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Delta tries to quash Continental's plan to shift to Star Alliance

Delta Air Lines says Continental's plans to join the Star Alliance would bring reduced competition for East Coast travelers. The Cleveland Plain Dealer reports that Delta has filed court papers criticizing Continental's plans to form alliances with new international partners...

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Delta to cut more flights in 2009

Delta Air Lines said it plans to cut overall flight capacity by 6% to 8% next year due to "the global economic recession and weaker demand for air travel." As result, passengers can expect flights to be crowded and fare deals to be scarce.

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Delta cutting flights, trimming jobs once again

Atlanta/Peachtree City mega-employer Delta Air Lines cut 4,000 jobs in 2008 and appears poised to cut far more in 2009, according to a Bloomberg News report (via the Fulton County Daily Report). With a planned drop of up to 8% in capacity, the 75,000-employee airline will have to trim staff at a level commensurate with [...]

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Delta to cut capacity by up to 8% in 2009, plans 'voluntary' job cuts

Filed under: Delta Air Lines (DAL) Delta may still be ready when you are, but in 2009 they're not going to be as big. Citing the global recession, Delta (NYSE: DAL ) announced that it will cut an additional 6-8% of capacity in 2009. The move will result in an up to 10% reduction in domestic capacity, when one includes the impact of previously-announced operational cuts. Delta also said it will eliminate...