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☆ Delta Pilots Approve Four-Year Contract With 34% Raises
▼ + stars: | 2023-03-01 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

Delta Air Lines Inc.’s pilots ratified a new contract that provides 34% pay increases over a four-year agreement, setting a potential bar as other U.S. carriers and their pilots’ unions pursue similar contract negotiations. Delta said the agreement, which runs through December 2026, would position the airline’s approximately 15,000 pilots to continue leading the industry in total compensation and work-rule improvements. The Air Line Pilots Association, which represents Delta pilots, said 78% of the Atlanta-based carrier’s pilots ratified the agreement.

☆ Biden urges US carriers to follow American Airlines on family seating
▼ + stars: | 2023-03-01 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 28 (Reuters) - President Joe Biden on Tuesday called on U.S. airlines to follow American Airlines (AAL.O) in committing to eliminating family seating fees as part of their customer service plans. Airlines for America, which represents the largest U.S. airlines, has said its carriers do not charge for family seating. Other carriers have not adopted the commitment in customer service plans. Carriers that do not honor commitments in written plans can face enforcement actions from the U.S. Department of Transportation. Delta Air Lines (DAL.N) said Tuesday it "does not charge family seating fees and regardless of the ticket class purchased, will always work with customers on a case-by-case basis to ensure their family seating needs are met."

“The Learjet pilot read back the instructions clearly but began a takeoff roll instead,” the FAA said in a statement. The NTSB says neither airplane was damaged and nobody on board was hurt. The FedEx plane, meanwhile, climbed as its crew aborted their landing to help avoid a collision, the FAA said. Air traffic controllers had “noticed another aircraft crossing the runway in front of the departing jetliner,” the FAA said in a statement. Audio recordings detail swift action by an air traffic controller kept the airplanes from colliding as they drew closer.

☆ 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.

☆ 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.

☆ American Airlines is the first US carrier to guarantee families sit together — or be punished by law
▼ + stars: | 2023-03-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

American Airlines will guarantee children under 15 can sit with an accompanying adult on its flights. The policy has been published in its customer service plan, meaning it is now enforceable by law. Because the "family seating" plan is now filed with the government, American could face penalties if it doesn't follow through. "American Airlines lets families sit together at no additional cost," an American spokesperson told Insider. The difference now is that American has officially put this process into its customer service plan — a commitment enforceable by law.

The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property. Since its launch, 37 airport workers have joined the program, which covers daycare costs partially. At Kelowna International Airport in British Columbia, Canada, construction is underway for a daycare primarily for children of employees who work on airport property. Cincinnati/Northern Kentucky International Airport is similarly weighing offering childcare on-site or nearby in a bid to offer attractive benefits to workers, said airport spokesperson Mindy Kershner. And then there are others - like Jared Barker, a 33-year-old baggage handler at Minneapolis–Saint Paul International Airport who quit and left the industry altogether last year after mass departures during the pandemic led to a heavier workload.

☆ Final Trades: Delta Air Lines, MSCI & more
▼ + stars: | 2023-02-27 | 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 EmailFinal Trades: Delta Air Lines, MSCI & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Airlines cancel over 1,300 U.S. flights as winter storm grips states
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Airlines canceled more than 1,300 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. A total of 1,327 flights within, into and out of the United States were canceled by 12:30 p.m. ET, according to flight-tracking website FlightAware, which also showed 2,030 flights were delayed. Regional carrier SkyWest Inc (SKYW.O) led the cancellations with 312 flights, followed by low-cost carrier Southwest Airlines Co's (LUV.N) 248 and Delta Air Lines' (DAL.N) 246 flight cancellations. Southwest and Delta said they are monitoring the storm, while SkyWest did not immediately respond to a request for a comment.

☆ 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.

☆ Airlines cancel over 1,000 U.S. flights as winter storm grips states
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. A total of 1,035 flights within, into or out of the United States were canceled by 0915 am ET, according to flight-tracking website FlightAware, which showed 932 flights were delayed. Low-cost carrier Southwest Airlines Co (LUV.N) led the cancellations with 235 flights, followed by Delta Air Lines (DAL.N) that canceled 197 flights. Southwest and Delta did not immediately respond to Reuters' requests for comment. Reporting by Aishwarya Nair in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ FedEx pilot union inches closer to strike with unanimous approval for authorization vote
▼ + stars: | 2023-02-22 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

The union representing FedEx pilots unanimously approved a strike authorization vote last week, according to a Wednesday press release. According to a statement on the FedEx pilots' website, pilot leaders allege the company has failed to "acknowledge pilot contributions." After 30 days, pilots and management could exercise self-help, which could include a union strike or a company lockout. A statement by pilot leaders says FedEx customers should plan alternative means in the event of a pilot strike. The update comes a month after the Southwest Airlines pilots' union called a vote to authorize a potential strike after souring contract negotiations.

☆ United says it will make it easier for families to book seats with their children for free
▼ + stars: | 2023-02-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Airlines in recent years have been charging travelers to book "preferred" location seats on flights. President Joe Biden has called on lawmakers to "fast-track the ban on family seating fees," the White House said earlier this month. On a roundtrip between Newark, New Jersey, and Los Angeles in August, preferred seats on a United flight showed as $37 each way for one person. "Delta does not charge family seating fees and regardless of the ticket class purchased, will always work with customers on a case-by-case basis to ensure their family seating needs are met," a spokesman said in a statement on Monday. Preferred seats and its extra legroom section, Main Cabin Extra, open up the day of departure if they're needed, a spokesman told CNBC.

☆ 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.

☆ We're married Delta pilots with two young kids. Here's how we've navigated our careers together and our top 10 travel tips for couples.
▼ + stars: | 2023-02-16 | by ( Hannah Towey | ) www.businessinsider.com time to read: +10 min

Delta pilots Brent and Kelly Knoblauch first met as interns in 2010. Kelly: Brent and I first met in 2010, when I was still in college at the University of North Dakota. And then I think almost a year to the day, Kelly was also hired as a pilot back at Delta. Being able to see what you're seeing, what you're hearing, what you're suspecting, and just being open about that. Kelly: It actually went really well.

☆ Rising Interest Rates May Bring Higher Pension Costs for Companies
▼ + stars: | 2023-02-15 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Rising interest rates have boosted corporate pensions, with funded status reaching a 20-year high in the second half of last year. But rising rates may not prove so kind to companies, from Delta Air Lines Inc. to Sysco Corp. , and their pension costs this year. Within the last year, interest rates rose significantly while asset values fell, driving up pension accounting costs. Plan sponsors that measured these costs at the end of 2022, for instance, saw much higher interest rates than a year earlier, he said, which pushes 2023 balance sheet costs up. The higher costs were driven by a reduction in return on plan assets and higher interest costs, which were only partially offset by higher discount rates, the building materials maker said in a regulatory filing last month.

☆ FAA chief gets grilled by Congress for recent airline groundings and safety concerns
▼ + stars: | 2023-02-15 | by ( Gregory Wallace | ) edition.cnn.com time to read: +4 min

In a letter to Congress in early February, the FAA said it plans to dramatically accelerate replacing its outdated Notice To Air Missions (NOTAM) safety system, whose failure led to a nationwide air travel grounding in January. A contractor working for the FAA unintentionally deleted files related to the key pilot safety system, the FAA said. The near collisions have also raised concerns that the FAA’s safety systems may be insufficient. “Can I sit here today and tell you that there will never be another issue on the NOTAM system? That near collision happened after air traffic controllers cleared the FedEx Boeing 767 to land on Austin’s Runway 18 Left, according to the FAA.

☆ The FAA is taking action after multiple serious safety incidents among US airlines: 'Now is the time'
▼ + stars: | 2023-02-15 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Billy Nolen, the Federal Aviation Administration's acting administrator, is creating a safety review committee. The group will assess recent incidents and determine if there are any emerging trends. "Recent events remind us that we must not become complacent. According to the FAA, the CAST has been a vital group in proactively identifying aviation safety risks and addressing them before an accident occurs. Three weeks later, a FedEx Boeing 767 nearly landed on top of a Southwest Airlines Boeing 737 in Austin, Texas.

☆ A Delta flight had to make an emergency landing just 60 miles after takeoff when flames shot out from under its wing
▼ + stars: | 2023-02-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Delta trans-Atlantic flight made an emergency landing near Glasgow on Friday after flames erupted from a wing. One passenger told local news that there was a "banging noise" and then the plane "nose-dived." The flight was "safely diverted to Glasgow Prestwick Airport after a mechanical issue with one of the aircraft's two engines," a Delta spokesperson told Insider. BBC Scotland News reporter Laura Pettigrew, who was on the flight, told the BBC that the plane's engine made loud noises during the flight. Fire trucks and firefighters rushed towards the plane when it landed down at Glasgow Prestwick, she said.

☆ American Airlines flight crew involved in a near collision with a Delta plane at JFK 'refused' to sit down for recorded interviews with authorities
▼ + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The American Airlines crew involved in a near-collision have "refused" to be interviewed by authorities. The report said that "the flight crew refused to be interviewed on the basis that their statements would be audio recorded for transcription." American Airlines did not immediately respond to Insider's request for comment about the interviews. In a statement given to the Wall Street Journal, American Airlines said it is cooperating with the NTSB investigation. The 153 passengers and six crew members on the Delta plane and 137 passengers and 12 crew members on the American plane were all uninjured, the NTSB's preliminary report said.

☆ U.S. safety board subpoenas American Airlines flight crew in NYC near miss
▼ + stars: | 2023-02-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The NTSB said the London-bound American Airlines flight crossed the runway without clearance from air traffic control, forcing the Delta aircraft to abort its takeoff. The Delta flight, bound for Santo Domingo, Dominican Republic, aborted takeoff and came to stop about 500 feet short of the taxiway. The NTSB said it has attempted to interview the American Airlines flight crew three different times, but the crew refused to be interviewed on the basis that their statements would be recorded for transcription. The Allied Pilots Association, which represents 15,000 American Airlines pilots, said in a statement it raised concerns over the NTSB's "recent insistence" on electronically recording crew interviews. There were 12 crew and 137 passengers on the American Airlines flight and six crew and 153 passengers on the Delta flight.

☆ The pilot shortage is slowly easing — but isn't going away anytime soon. Autonomous planes could fill the gap.
▼ + stars: | 2023-02-10 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

The pilot shortage is estimated at 18,000 commercial aviation pilots in 2023, and 17,000 in 2030. An autonomous urban mobility flight is estimated to cost half of a piloted urban mobility flight. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Previous estimates had put the shortage closer to 65,000 — before updates put the number at around 17,000 earlier this year. According to the report, the total cost per passenger-seat-kilometer of an autonomous urban mobility flight is half the cost of a piloted urban mobility flight, making a case for developing pilot-less technologies.

☆ U.S. airlines urge FAA to extend 5G upgrade deadline
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. Airlines for America, which represents American Airlines (AAL.O), Delta Air Lines (DAL.N), United Airlines (UAL.O) and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." The group warned a "material number of aircraft" in U.S. fleets will not be modified by July and without changes it could "severely limit operations." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Southwest just announced 5 new and 24 returning routes this year as it bolsters its network— see the full list
▼ + stars: | 2023-02-09 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Southwest Airlines announced five new and 24 returning routes in its latest network expansion. These are in addition to the previously announced new nonstops to Kansas City and Orlando from Long Beach, starting in March and July, respectively. Charlotte to Houston Hobby: Sundays starting on September 10Dallas Love Field to Philadelphia: Saturdays and Sundays starting on September 9. Between Long Beach and El PasoEl Paso, Texas Denis Tangney Jr./Getty ImagesSouthwest will launch daily flights between Long Beach and El Paso on July 11. Between Long Beach and AlbuquerqueAlbuquerque, New Mexico Davel5957/Getty ImagesSouthwest will launch daily flights between Long Beach and Albuquerque on September 5.

☆ Biden says airlines can’t treat kids like 'piece of baggage'
▼ + stars: | 2023-02-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - President Joe Biden on Tuesday harshly criticized U.S. airlines saying they were charging families unfair fees and vowing to implement new consumer protections. "Baggage fees are bad enough – airlines can’t treat your child like a piece of baggage." Airlines for America (A4A), a group representing Delta Air Lines (DAL.N), United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and others said Tuesday its member carriers do not charge fees to sit together. Biden touted regulations the Transportation Department is drafting to make "airlines show you the full ticket price upfront and refund your money if your flight is canceled or delayed." Biden in September touted his administration's "cracking down" on U.S. airlines to improve treatment of passengers after they updated customer service plans.

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