Key Developments: Delta Air Lines Inc (DAL)

DAL on New York Consolidated

2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Connecticut probes Delta Air Lines Inc and 3 other airlines over possible antitrust violations - Reuters
Tuesday, 30 Jun 2015 08:00pm EDT 

Delta Air Lines Inc:Says Connecticut's attorney general is investigating whether the U.S. airlines are working together to constrain capacity to keep ticket prices high, and has asked for meetings with the companies to discuss the matter - Reuters.Says In letters sent to Delta Air Lines Inc, United Continental Holdings Inc, American Airlines Group Inc and Southwest Airlines Co in late June, Connecticut Attorney General George Jepsen said the state is significantly concerned about the state of competition in the airline industry.Says News of the state probe comes after the U.S. Justice Department said it is investigating possible antitrust violations by the U.S. airlines.  Full Article

Delta Air Lines Inc to acquire 20 Embraer E190s and 40 new 737-900ERs from Boeing Co upon pilot ratification of tentative agreement
Wednesday, 10 Jun 2015 10:52pm EDT 

Delta Air Lines Inc:Enters into aircraft acquisition deal with Boeing Co for 20 Embraer E190 aircraft and 40 additional new 737-900ERs upon ratification of tentative agreement covering more than 12,000 Delta pilots.Says tentative agreement was approved for membership ratification by Delta Master Executive Council (MEC) of the Air Line Pilots Association (ALPA).  Full Article

Delta Air Lines Inc declares quarterly dividend
Friday, 24 Apr 2015 02:57pm EDT 

Delta Air Lines Inc:Declares quarterly dividend of $0.09 per share.Payable to shareholders of record as of close of business on May 8, and will be paid on May 29.  Full Article

Delta Air Lines and Virgin Atlantic Airways announces new summer flying
Wednesday, 25 Mar 2015 02:31pm EDT 

Delta Air Lines and Virgin Atlantic Airways:Celebrating expansion of their trans-Atlantic partnership with introduction of six new daily services.Says two airlines begin their summer schedule this weekend and will offer up to 39 return trans-Atlantic flights a day between U.K. and 15 destinations across North America.Says joint schedule now includes 10 daily flights between New York and London Heathrow, with eight daily departures from New York-JFK and two departures from Newark.  Full Article

Delta Air Lines adds Kona Flight and more leisure service from Seattle
Monday, 23 Feb 2015 12:00pm EST 

Delta Air Lines:Says it is adding service from its hub at Seattle-Tacoma International Airport to Kona International Airport and will increase service from select seasonal markets beginning as soon as summer 2015.New and increased Seattle service will operate as follows.One daily flight to Kona on the Big Island of Hawaii beginning Dec. 19, 2015.One additional daily flight to Palm Springs, Calif., for a total of two daily seasonal flights beginning Dec. 19, 2015.One daily seasonal flight to Tucson, Ariz., which was previously Saturday service, beginning Dec. 19, 2015.Extension of seasonal service to daily year-round service to Fairbanks and Juneau, Alaska, beginning May 15, 2015.Expanded seasonal service to Los Cabos and Puerto Vallarta, Mexico, beginning Oct. 3, 2015.  Full Article

Delta Air Lines Inc declares quarterly dividend
Friday, 6 Feb 2015 02:44pm EST 

Delta Air Lines Inc:Declares quarterly dividend of $0.09 per share.Dividend is payable to shareholders of record as of close of business on Feb. 20, and will be paid on March 13.  Full Article

Delta Air Lines Inc gives long term earnings outlook
Tuesday, 20 Jan 2015 07:30am EST 

Delta Air Lines Inc:Says it expects to drive double-digit earnings growth, along with increased free cash flow and a higher return on invested capital in the upcoming year.FY 2015 net income of $3.982 bln, EPS of $4.88 - Thomson Reuters I/B/E/S.FY 2016 net income of $4.393 bln, EPS of $5.41 - Thomson Reuters I/B/E/S.FY 2017 net income of $4.513 bln, EPS of $5.49 - Thomson Reuters I/B/E/S.  Full Article

Delta Air Lines to launch daily service between Los Angeles and Shanghai
Wednesday, 14 Jan 2015 02:17pm EST 

Delta Air Lines:Plans to begin daily nonstop service between Los Angeles International Airport and Shanghai-Pudong Airport on July 9, pending U.S. Department of Transportation and foreign government approval.  Full Article

Republic Airways to expand partnership with Delta Air Lines
Thursday, 11 Dec 2014 07:18pm EST 

Republic Airways Holdings Inc:Reaches an amendment to its Capacity Purchase Agreement with Delta Air Lines to operate nine additional 69-seat E170 aircraft.Aircraft are scheduled to be placed into service between the 3(rd)quarter of 2015 and the 2nd quarter of 2016 and will operate for a term of six years per aircraft.Also agreed to extend the term of the agreement for the existing 14 E170 aircraft by four years, or through Oct. 2021, and the existing 16 E175 aircraft by about five years, or through Feb. 2024.  Full Article

American Express and Delta extend partnership
Thursday, 11 Dec 2014 10:00am EST 

American Express and Delta Air Lines:Announced a multiyear extension of their exclusive co-brand Credit Card.Says deal includes continuation of Delta as a Card-accepting merchant and as a participant in the Membership Rewards program from American Express.  Full Article


U.S. probing whether airlines collude to keep airfares high

WASHINGTON/NEW YORK - The U.S. Department of Justice said on Wednesday it is investigating whether U.S. airlines worked together illegally to keep airfares high by signaling plans to limit flights.

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