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☆ United Airlines' plan to revamp narrow-body cabins faces supply chain delays
▼ + stars: | 2023-04-28 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines ' plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes, Bluetooth capabilities and other amenities. The carrier expects about one in three aircraft in its narrow-body fleet, including new aircraft, will have the upgraded interior by the end of the year. The airline had targeted 2025 to complete the narrow-body upgrades, but it's unclear if United will make that goal. Delta executives have said that revenue growth for premium seats like business class or premium economy has outpaced sales from standard coach.

☆ Airlines are combating the pilot shortage by paying pilots more, making it easier to become one, and hiring from Australia
▼ + stars: | 2023-04-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

An ongoing pilot shortage has plagued US airlines since travel came roaring back post-pandemic. While some organizations — like the Regional Airline Association advocacy group — have praised the legalization, the Air Line Pilots Association has opposed it, Reuters reported. Increasing pilot payRegional flying has been particularly impacted by the pilot shortage, forcing airlines to slash dozens of flights to small markets and even ground regional jets. Other regional carriers like Mesa Airlines, Republic Airways, and Delta's wholly-owned airline Endeavor Air have also gotten pay increases. Lowering training requirementsRegional carrier Republic recently asked the FAA to reduce the flight hour requirement for pilots graduating from its LIFT pilot training academy.

☆ Delta could bump even more people off flights as it looks to increase 'overbooking' to wring out more profits
▼ + stars: | 2023-04-24 | by ( Dennis Green | ) www.businessinsider.com time to read: +4 min

Glen Hauenstein, president of Delta, said the airline would look at increasing its overbooking rate. Your next Delta Air Lines flight might come with a hard decision: taking the flight or a cash voucher instead. That's because the airline is considering increasing the rate it overbooks flights Glen Hauenstein, president of Delta Air Lines, told investors in an April earnings call. Hauenstein said the airline would take a measured approach, increasing overbooking little by little and seeing how it goes. Airlines must balance the risk and rewards of overbooking to maximize revenue on any given flight.

☆ United plans to expand Australia, New Zealand flights 40% in bet on international travel rebound
▼ + stars: | 2023-04-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines is planning to grow its service to Australia and New Zealand later this year, the carrier's latest bet that travelers will continue to book international trips. United is also building up service from both San Francisco and Los Angeles to Brisbane, Australia, and it is using its largest plane to fly between San Francisco and Melbourne, Australia. Airline executives have been upbeat about international travel demand and have been expanding their schedules to cater to the rebound. "On international, we are excited with the momentum we're seeing and expect record revenues and profitability for the summer travel season," Delta's president, Glen Hauenstein, said Thursday on an earnings call. United Airlines is scheduled to report first-quarter results after the market closes Tuesday and will provide another demand forecast ahead of the peak summer travel season.

☆ Why the surge in summer travel airfare, hotel prices is not likely to slow down
▼ + stars: | 2023-04-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Travel is showing no signs of cooling off this summer, as both demand and prices are expected to stay high. "There's still a lot of pent of demand going back to the pandemic," Booking Holdings CEO Glenn Fogel said on "Squawk on the Street" last week. He also pointed to the TSA checkpoint travel numbers, which are now within a few percentage points compared to the number of travelers seen in 2019. That demand has kept prices high, Fogel said, noting recent trips he's taken. "[Consumers] have gone three years without having the experiences they want, including last summer," Delta Airlines CEO Ed Bastian said on "Squawk Box" earlier this week.

☆ Why Delta Air Lines feels bullish heading into Q2
▼ + stars: | 2023-04-13 | by ( Phil Lebeau | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Delta Air Lines feels bullish heading into Q2CNBC's Phil Lebeau joins 'Squawk on the Street' to discuss the strength of the consumer, airline earnings, and Delta's bullish approach estimates for Q2.

☆ Delta Air Lines posts quarterly loss but forecasts profit as peak travel season approaches
▼ + stars: | 2023-04-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Analysts polled by Refinitiv had anticipated second-quarter revenue growth of 14.7% and earnings per share of $1.66. But for the first quarter, adjusted revenue and adjusted earnings came in below analyst estimates. Adjusted revenue: $11.84 billion vs. $11.99 billion expected. In the first quarter, Delta posted a net loss of $363 million, or 57 cents per share, citing, in part, a new, four-year pilot contract that includes 34% raises. That's still improvement from the year-ago period, when travel demand was still recovering and the company reported a net loss of $940 million, or $1.48 per share.

☆ Delta CEO Ed Bastian on Q1 earnings: We're getting ready for a strong travel season
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta CEO Ed Bastian on Q1 earnings: We're getting ready for a strong travel seasonE d Bastian, Delta CEO, joins 'Closing Bell' to discuss the company's quarterly earnings results, Delta's Q2 guidance and Bastian's thoughts on the consumer.

☆ Delta bets on premium travel as 'shock absorber' for economic downturn
▼ + stars: | 2023-04-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +6 min

[1/5] Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarCHICAGO, April 12 (Reuters) - Delta Air Lines (DAL.N) is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. Chief Executive Ed Bastian told Reuters the U.S. carrier will have premium seats on every plane it flies starting this summer. Rivals United Airlines (UAL.O) and American Airlines (AAL.O) are also chasing premium revenue. CHANGING TRAVEL PATTERNSThe quest for premium revenue has its underpinnings in the post-pandemic travel patterns.

☆ Delta and United are dropping service to more cities as the trend of leaving regional airports behind continues
▼ + stars: | 2023-04-05 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

The two airlines have collectively dropped 55 regional airports since the COVID-19 pandemic. "Delta continues to evaluate the regional market, monitoring regional carrier pilot availability and customer demand. After Delta pulls out, La Crosse Regional Airport will still be connected to Chicago by American Airlines. The four airports are the latest in a long list of regional airports that were abandoned by major airlines as a consequence of the COVID-19 pandemic. Including the airports cited above, Delta has dropped 17 regional destinations and United 38 regional destinations since the beginning of the pandemic.

American Express issues several co-branded Delta credit cards, including the Delta SkyMiles® Gold American Express Card and the Delta SkyMiles® Platinum American Express Card. Unlike the Delta Gold Card, the Delta SkyMiles® Platinum American Express Card can help you earn Medallion® Qualification Miles (MQMs) toward Delta elite status through its Status Boost benefit. Another benefit of the Delta SkyMiles® Platinum American Express Card is the ability to access Delta Sky Clubs when you're flying Delta, at a discounted rate of $50 per visit. Delta Gold Business Card vs Delta Platinum Business CardThere are also business versions of these two cards:Delta SkyMiles® Gold Business American Express Card: 50,000 bonus miles after spending $2,000 in purchases on your new card in your first three months of card membershipDelta SkyMiles® Platinum Business American Express Card: 60,000 bonus miles after spending $3,000 in purchases on your new card in your first three months of card membershipThe Delta SkyMiles® Gold Business American Express Card and the Delta SkyMiles® Platinum Business American Express Card offer very similar overall benefits to the personal versions. If you're a casual Delta flyer, the Delta SkyMiles® Gold American Express Card is likely going to be a better fit for you.

Earn 2x Miles on Delta purchases made directly with Delta. Earn 2x Miles on Delta purchases made directly with Delta. Other United℠ Explorer Card benefits include two single-visit passes to the United Club lounge per anniversary year, 25% back on United inflight purchases, and priority boarding. When looking for the card that best fits you, consider whether you'd prefer to earn on restaurant and US supermarket purchases (Delta SkyMiles® Gold American Express Card), or dining and hotel bookings (United℠ Explorer Card). Here's our Platinum Delta Amex card review for all the details, and a comparison of the Delta Gold vs Delta Platinum cards to help you decide.

☆ Delta is spending $1.5 billion to upgrade New York's largest airport — see the improvements so far
▼ + stars: | 2023-03-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

Delta's vice president of cargo, Rob Walpole, told Insider it has had to adjust its cargo business through the pandemic, capitalizing on the increased demand for air transport created by bottlenecked shipping ports. Delta got permission from the FAA to transport cargo in the passenger cabin during the pandemic. (These were cargo-only flights.) Delta Air LinesSource: Delta Air Lines, We chartered a boat with a logistics expert to look at port congestion up close and saw how American greed is leading to shortages and empty shelves

Getty ImagesSix Delta credit cards are running elevated welcome bonuses through March 29, so it's your last chance to apply. Delta Amex credit card increased offersAmex Delta credit cards give you the ability to use Delta miles in a way that non-cardholders can't. However, Insider estimates that Delta miles are worth 1.1 cents each, on average, when booking award flights. And if you know the best ways to use Delta miles, you can get significantly more value. That's double the miles of the previous card bonus, which was 50,000 bonus miles and 10,000 MQMs after meeting minimum spending requirements.

Illustration by Gene KimAs weed becomes legal in more states, how and if travelers can bring their stash on board remains up in the air. Traveling between states where marijuana is legal in both the origin and destination may sound straight-forward, but with overlapping jurisdictions and hard-to-enforce guidelines, it gets complicated. Under federal law, the possession and sale of marijuana is illegal. Despite President Joe Biden's recent pardons for anyone convicted of a federal crime for simple possession and his directive to review how marijuana is scheduled under federal law, marijuana is still classified as a Schedule I substance. And even though airports are locally owned and operated, air travel still falls under federal law.

Online searches by Americans for flights to Europe trips are surging despite soaring air fares, a worsening economic outlook and risks of gridlock at some of the airports in Europe. The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. Travel website Kayak said searches for travel to Europe this summer are up 77% from last year. There is still untapped travel demand for Europe even after a busy summer last year, said Hayley Berg, lead economist at Hopper. Average fare for a round-trip flight to Europe, meanwhile, has risen 31% from last year, Hopper data shows.

☆ Which airlines had the best on-time performance in 2022? Delta led the pack — see the rest of the list.
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

The Department of Transportation's list of airlines' on-time performance was published Thursday. Every airline had a worse on-time performance rate in 2022 compared to 2021. But, the Dallas-based carrier was still the worst-performing company among the Big Four, which also includes American Airlines, United Airlines, and Delta. Take a closer look at the best and worst airlines for on-time performance for 2022:10. Delta Air LinesDelta Air Lines Boeing 737-900ER aircraft Alex Tai/SOPA Images/LightRocket via Getty ImagesRate: 82.14%Rate in 2021: 88.22%

☆ These are the best and worst US airlines for on-time performance in 2022, according to DOT data — see the list
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

☆ The New York Yankees are worth $6 billion, but players still need to pay $9 for Wi-Fi on team flights
▼ + stars: | 2023-03-15 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The New York Yankees are worth $6 billion, enough to make them the fourth most valuable team in the world. Despite all of that, they are one of the only teams in Major League Baseball that forces players to pay for in-flight WiFi if they want to surf the web while traveling on the team jet. Yankees players have to shell out $9 for Delta's in-flight Wi-Fi every flight if they want to get online. While some Yankees pay up, others get around the policy by getting WiFi access through their T-Mobile plans, which is a Delta partner. So I would take that over free Wi-Fi, if I'm being honest."

CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc (UAL.O) on Monday forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a potential contract deal with pilots. Booming travel demand has allowed U.S. carriers including United to offset cost pressures with higher ticket prices. United said a combination of lower-demand in January and February and higher capacity has weakened its pricing power. The Chicago-based carrier now expects an adjusted loss between 60 cents and $1.00 per share for the quarter through March. United and American Airlines (AAL.O) are now under pressure not just to conclude their pilot contract negotiations, but also better Delta's deal.

☆ American Airlines pilots' union calls strike authorization vote as contract talks continue
▼ + stars: | 2023-03-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Pilots talk as they look at the tail of an American Airlines aircraft. American Airlines pilots' union plans to hold a vote next month on whether to allow members to call a strike as talks for a new labor contract continue. "While our Negotiating Committee reports good progress, we remain steadfast and focused that now is the time to reach an agreement with American Airlines," the American Airlines pilots' union said Thursday. They had approved a strike authorization vote in the fall, about a month before reaching a preliminary deal with the company. Even if American pilots' union called a strike it would not be immediate; airline strikes are extremely rare in the U.S. and would follow a lengthy process involving federal mediators.

☆ American Airlines prepared to match Delta's pilot pay rates, CEO says
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, March 7 (Reuters) - American Airlines (AAL.O) is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines (DAL.N) has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract. Total pay increases in the fourth year of the contract deal would be 40%, he said.

☆ American Airlines CEO tells pilots the carrier will match Delta's pay
▼ + stars: | 2023-03-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

FILE - American Airlines President Robert Isom speaks at a news conference about the company's new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom. American Airlines is prepared to raise pilots' wages to match that of Delta Air Lines ' pilots in a new contract, including 40% cumulative pay increases in a four-year deal, CEO Robert Isom said in a message to pilots. "Let me be clear, American is prepared to match Delta's pay rates and provide American's pilots with the same profit-sharing formula as Delta's pilots," Isom said in the message to pilots, sent on Tuesday and seen by CNBC. The Allied Pilots Association, American Airlines pilots' union, didn't immediately comment on Isom's statement.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Arista, Costco, Joby, Netflix & more
▼ + stars: | 2023-03-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Northcoast upgrades Costco to buy from hold Northcoast said it sees more upside for the wholesale retailer. " Goldman Sachs initiates Arista Networks and Juniper as buy Goldman initiated several networking equipment stocks, noting they are attractively valued. Deutsche Bank downgrades Joby to sell from hold Deutsche said it sees too many risks for the aviation company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its standing by shares of Walmart as the retail giant continues to sign up new members for its Walmart+. Loop reiterates Netflix as hold Loop said its survey checks show that password sharing charging is increasing revenue for Netflix.

☆ Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal
▼ + stars: | 2023-03-03 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

MONTREAL, March 3 (Reuters) - Air Canada (AC.TO) pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines (DAL.N), union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said in an email. Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots. ACPA is in talks to possibly join the Air Line Pilots Association (ALPA), the world's largest pilots' union, representing more than 60,000 pilots in the United States and Canada. Air Canada, which expects to return to 2019 levels of capacity next year, is also facing cost pressures.

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