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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 ...
Big revenge travel pop has 'come and gone' Delta anticipates that a "new normal" will prevail in 2024 after the holiday travel surge. While bookings look good going into the new year, January will ...
The company is also sharing the wealth: Delta CEO Ed Bastian announced Wednesday that the airline was paying out $1.4 billion in profit-sharing payments to its more than 100,000 employees.
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