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☆ Delta pilots are getting a massive raise as airlines battle a persistent labor shortage
▼ + stars: | 2023-03-02 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Delta is one of the first major airlines to reach a new agreement with its pilots since the pandemic. On March 1, Delta pilots approved a new contract that includes a 34% raise for the company's 15,000 pilots over four years, the airline and pilots' union said. In November, American Airlines' pilots rejected a contract including a 19% raise over four years, while United pilots rejected a 15% raise around the same time. American Airlines said the deal could "profoundly" change the industry, according to Reuters. The pay raise is part of a trend of airlines doing what they can to solve the much-talked-about pilot shortage.

☆ Delta pilots ratify new contract - union
▼ + stars: | 2023-03-01 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +1 min

CHICAGO, March 1 (Reuters) - Pilots at Delta Air Lines (DAL.N) have ratified a new contract, widely expected to be a benchmark for contract negotiations at rival airlines, that includes over $7 billion in cumulative increases in pay and benefits over four years, their union said on Wednesday. Both American Airlines (AAL.O) and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. It will cover 15,000 Delta pilots and come into effect on Thursday, The Air Line Pilots Association (ALPA) said. ALPA said that 78% of Delta pilots voted in favor of the contract. The new contract showcases the bargaining power pilots are enjoying as carriers rush to staff up to keep up with travel demand.

☆ Delta pilots wrap voting on new contract with big raises
▼ + stars: | 2023-03-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta and the pilots' union had reached a preliminary agreement in December. The Delta pilots are expected to approve the deal Wednesday. United , American and Southwest pilots' unions are still in negotiations. Contract talks between airlines and labor unions have been fraught at times, as aviators seek higher pay and better schedules. Alaska Airlines pilots won raises in their latest labor deal last year.

TAIPEI, Feb 23 (Reuters) - Taiwan's Delta Electronics Inc (2308.TW), a supplier of power components to companies such as Tesla Inc (TSLA.O), sees "at least" double-digit annual growth for the next five years driven by the electric vehicle (EV) boom, it said on Thursday. Chairman Yancey Hai, in bullish comments on a fourth-quarter earnings call, said the company was benefiting from the shift away from traditional gasoline-powered vehicles to EVs. "On average the company will grow at a double-digit rate for the next few years. Delta's shares have risen 1.2% so far this year, giving it a market value of $24.68 billion. ($1 = 30.3730 Taiwan dollars)Reporting by Ben Blanchard and Sarah Wu; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ These 8 stocks are cheap and are expected to see strong earnings growth this year
▼ + stars: | 2023-02-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

But there are some stocks that appear more reasonably priced, at least by one common valuation yardstick. The companies listed are also expected to see earnings per share growth of at least 10% this year. According to FactSet, 81% of Wall Street analysts have a buy rating on the stock. Financial stocks often trade at lower P/E ratios than the market as a whole, due in part to their slower growth prospects, but insurance company Metlife offers some attractive upside, according to analysts. According to FactSet, 65% of analysts have a buy rating on Metlife, with an average upside of 17% from current levels.

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

☆ I flew first class for the first time ever—here's why the upgrade from economy was worth it
▼ + stars: | 2023-02-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Flying first class for the first time has convinced me that it's worth the money for longhaul flights. I've been flying my entire life — to the Dominican Republic, to Italy, to Morocco — but it's always been in economy class. That all changed in January when my partner and I were traveling to San Francisco and got upgraded to first class. On our way to the airport, we got a notification that we'd be upgraded from economy to Delta's Comfort+. I got a free upgrade to fly in Delta's first class cabin on a recent flight to San Francisco, California.

☆ Delta Airlines employees to get 5% pay bump amid strong travel demand
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Delta Air Lines Inc (DAL.N) said on Tuesday that it would bump up the pay of its employees by 5%, amid an industrywide shortage of workers as airlines look to cash in on robust demand for air travel. Delta's raise includes a 5% base pay increase for ground and flight attendant employees worldwide at all steps of the pay scale and a 5% pool for eligible merit employees worldwide, the airline's chief executive Ed Bastian wrote in a memo to employees. The pay hike, which will be effective from April 1, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market. The carrier offered a 34% cumulative pay increase last month to its pilots over three years in a new contract after the Atlanta-based carrier's pilots voted overwhelmingly in October to authorize a strike. The latest hike includes all employees worldwide, except those covered by an industry or government requirement or collective bargaining agreement.

☆ Delta raises employee pay 5%, second increase in a year
▼ + stars: | 2023-02-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier's profits and the U.S. labor market remains tight. Delta raised employee pay 4% in May, the first increases since before the pandemic. Delta said the new raises go into effect April 1 and apply to ground workers and flight attendants. The pay hikes do not apply to Delta's pilots, who are voting on a new contract proposal that includes 34% raises over four years. Atlanta-based Delta is also planning to pay its staff more than $550 million in shared profits later this month, Bastian said Tuesday.

☆ Delta passenger says an 'out of control' flight attendant told his wife she had a 'stupid face' before their family was kicked off plane
▼ + stars: | 2023-02-07 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

A Delta passenger accused a flight attendant of telling his wife she had a "stupid face." Todd replied, "I have you on video saying my wife has a stupid face," prompting the flight attendant to say: "I don't care. You're being rude, rude, rude since the moment of the back." The couple was told by a flight attendant that they were not allowed to use the first-class storage space, according to the blog. "So then she looks at Jen and says, 'don't look at me with that stupid face.'

There's a new reason to consider the Delta American Express cards — a 15% discount on award flights. The new "TakeOff 15" benefit is permanent, and applies to the personal and small-business versions of the Amex Delta Gold, Delta Platinum, and Delta Reserve cards. If you redeem Delta miles for Delta flights with any regularity, it might make sense to open a Delta card for this benefit. 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. Review: Amex Business Delta Reserve card reviewDo you qualify for the Delta credit card bonuses?

It's easy to earn United miles without stepping on a plane, and because they don't expire, you can use miles when you're ready to travel. There are six United credit cards to consider if you just want to earn United miles and enjoy some day-of-travel perks to boot. Review: Ink Business Preferred card reviewBilt Mastercard® 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Intro offer N/A Rewards Earn 3X point on dining. Earn United miles by flying United and its partnersOf course, the other main way to stock up on a lot of United MileagePlus miles is to fly United and its other airline partners. Earn United miles with other travelIn addition to just flights, you can earn United miles by booking stays with United's hotel partners, sailings through United Cruises, and entire trips through United Vacations, as well as partner car rentals.

☆ Southwest Airlines pilot union calls for strike authorization vote
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Jan 18 (Reuters) - Southwest Airlines Co's (LUV.N) pilot union has called for a strike authorization vote, weeks after a tech meltdown at the carrier left tens of thousands of passengers stranded across the United States. Casey Murray, president of Southwest Airlines Pilot Association (SWAPA), said in a statement. The strike authorization vote will take place beginning May 1 and will be counted at the end of that month, said SWAPA, which represents more than 10,000 pilots. Southwest pilots have been locked in talks over a new contract with the airline for nearly three years. Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Airlines remain bullish on travel demand despite mounting economic worries
▼ + stars: | 2023-01-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

CHICAGO, Jan 18 (Reuters) - U.S. airlines posting strong financial results remain upbeat about travel demand, even as economists and analysts say the risk of an economic recession has gone up. If anything, they say, the relationship between passenger revenue and broader economy is returning to pre-pandemic trend. United estimates domestic passenger revenue used to account for about 0.5% of the country's GDP. It expects the trend to be restored this year, resulting in 15% higher revenue for the industry this year. "Demand remains strong, pricing is likely to remain favorable due to industry capacity constraints," said Cowen analyst Helane Becker.

☆ Delta CEO called last week's FAA outage 'unacceptable' and said the agency needs more funding
▼ + stars: | 2023-01-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Air traffic was temporarily halted last week after an FAA system, known as Notice to Air Missions, crashed. Over 10,000 flights were delayed, but Delta Air Lines CEO Ed Bastian said he doesn't blame the agency. Senate Majority Leader Chuck Schumer is pushing to confirm President Joe Biden's pick for FAA Administrator. In a separate interview, American Airlines CEO Rob Isom told CNBC that there needs to be more investment in FAA technology. "With recent events, including airline troubles and last week's tech problem, this agency needs a leader confirmed by the Senate immediately."

☆ Federal agencies are investigating the near-collision of American and Delta jets in New York
▼ + stars: | 2023-01-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Two commercial jets operated by Delta Air Lines and American Airlines nearly collided on Friday. The Federal Aviation Administration and the National Transportation Safety Board are investigating. "The safety of our customers and team members is our top priority," American told Insider. "We are conducting a full internal review and cooperating with the National Transportation Safety Board in their investigation." "The safety of our customers and crew is always Delta's number-one priority," the airline told Insider.

☆ A Delta passenger said there were screams in the cabin when the plane aborted a takeoff while speeding down the runway at JFK
▼ + stars: | 2023-01-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Delta jet was forced to abort a takeoff when an American Airlines plane passed in front of it. The FAA said the Delta jet halted its takeoff within 1,000 feet of the AA plane. Delta passenger Donall Brian Healy told Insider there were screams in the cabin. Healy said the pilot told passengers that another plane had passed in front of them, forcing him to abort the takeoff. ABC7 reported that the Delta jet was traveling at 115 miles an hour when it aborted its takeoff.

☆ FAA launches investigation after two planes nearly collide at JFK airport
▼ + stars: | 2023-01-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Grounded Delta Airlines planes are parked at gates at John F. Kennedy International Airport on January 11, 2023, in New York. The FAA said a Boeing 737 operated by Delta Air Lines stopped its takeoff around 8:45 p.m. when air traffic controllers noticed another American Airlines aircraft crossing the runway. The Delta flight "stopped its takeoff roll approximately 1,000 feet" from the point where the American Airlines Boeing 777 had crossed, according to the FAA's preliminary analysis. Flight watcher @xJonNYC noticed the near miss and shared audio of the tense air traffic control exchange on Twitter Saturday. A spokesperson for American Airlines said the company will defer to the FAA for comment.

☆ Delta Air Lines' fourth-quarter profit and revenue topped analysts' expectations
▼ + stars: | 2023-01-13 | 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 Air Lines' fourth-quarter profit and revenue topped analysts' expectationsCNBC's Phil Lebeau joins 'Squawk Box' to discuss Delta's earnings report, gains in revenue across all streams, and reaffirming guidance for 2023 after a top and bottom line beat.

☆ Delta Air Lines sales, profits top estimates in strong finish to 2022
▼ + stars: | 2023-01-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Delta Air Lines fourth-quarter profit and revenue topped expectations on Friday, but shares fell on the carrier's outlook for the first quarter. But it said unit costs, stripping out fuel, will likely increase 3% to 4% from 2022, including for labor and rebuilding its network. Adjusted revenue: $12.29 billion, excluding refinery sales, vs. $12.23 billion expected. Delta CEO Ed Bastian said in a news release the carrier "rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance."

☆ Delta CEO urges Washington to increase FAA funding after 'unacceptable' outage
▼ + stars: | 2023-01-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines CEO Ed Bastian called on Washington to increase funding for the Federal Aviation Administration after an outage of a pilot-alert system that grounded thousands of flights across the U.S. this week. "Over the past 36 hours, the FAA has been conducting a preliminary analysis into the NOTAM system interruption," the FAA said late Thursday. In an interview with CNBC's "Squawk Box" on Friday, Delta's Bastian called the incident "unacceptable." "I don't recall us ever shutting down the national air space due to a similar type of technology outage for several hours." The flight delays and cancellations were the second major air travel disruption in less than a month after bad weather derailed holiday travel late last year.

☆ Delta Air Lines CEO Ed Bastian: There is still unmet demand for airlines due to the pandemic
▼ + stars: | 2023-01-13 | 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 Air Lines CEO Ed Bastian: There is still unmet demand for airlines due to the pandemicDelta Air Lines CEO Ed Bastian joins 'Squawk Box' to discuss Delta's earnings beat, new pilot contracts in the works, and paying down debt to open up more free cash flow.

Major carriers such as United Airlines Holdings Inc (UAL.O), American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and Southwest Airlines Co (LUV.N) have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. "Margins are set to take a hit in 2023 as airlines ratify new contracts with labor groups," Cowen analyst Helane Becker said last month. "Delta's recent tentative pilot agreement, assuming it is ratified, could drive incremental unit costs higher by ~2%, and 2%-3% higher for American, Southwest and United," Barclays analyst Brandon Oglenski said on Wednesday. American Airlines on Thursday forecast a higher fourth-quarter profit as the Texas-based carrier benefited from strong demand for travel during the key holiday season. Shares of American Airlines, Delta Air Lines, United Airlines and Southwest Airlines fell between 14% and 30% in 2022 on mass cancellations and economic worries.

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. You can transfer points from Chase Ultimate Rewards, Amex Membership Rewards, and Citi ThankYou to JetBlue, but the ratio varies depending on the rewards program. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them.

☆ Delta curbs employee access to luxury airport lounges as it struggles with crowding
▼ + stars: | 2023-01-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Delta Air Lines plans to curb employee access to its plush and popular airport lounges next month, its latest attempt to ease crowding. "The employee discount on Delta Sky Club memberships also is discontinued," said the memo, which was seen by CNBC. Complimentary seats on planes are a major perk for airline staff, and they aren't just used for vacation. American and United say they aren't planning similar policy changes for their lounges, though carriers occasionally tweak employee travel policies. For example, those carriers paused certain employee travel perks to London over the summer due to congestion.

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