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Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy, Chapter 11, a second time in December 1990.
Delta operates the world's largest fleets of the Airbus A220, Boeing 717, and Boeing 757, the largest passenger fleet of the Boeing 767, and the largest Airbus A330 fleet of any US airline. Delta has historically preferred purchasing or leasing used aircraft or using older-generation models to keep initial acquisition costs down.
Delta's earnings report shows airlines are still enjoying pricing power. Delta's total revenue per seat mile (TRASM), a proxy for pricing power, was up 1% in the second quarter from a year ago ...
The airline industry of today wasn't always the consolidated industry consumers have learned to loathe today. How 25 airlines became Delta, United, and American: Then & Now [Video] Skip to main ...
Delta Air Lines announced Monday it is giving all its employees a 5% raise worldwide and is hiking starting pay to $19 an hour, after paying out $1.4 billion in profit-sharing bonuses.
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