Key Developments: Delta Air Lines Inc (DAL)

DAL on New York Consolidated

33.76USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Delta Air Lines Inc declares quarterly dividend
Friday, 7 Feb 2014 04:00pm EST 

Delta Air Lines Inc:Says it has declared a quarterly dividend of $0.06 per share.Says the dividend is payable to shareholders of record as of the close of business on Feb. 21 and will be paid on Mar. 14.  Full Article

Structural Monitoring Systems plc Announces Partnership With Delta Air Lines, Inc
Sunday, 27 Oct 2013 07:00pm EDT 

Structural Monitoring Systems plc announced a partnership with Delta Air Lines, Inc. The partnership will involve personnel from the Federal Aviation Administration (FAA) working together with personnel from Delta, Anodyne Electronics Manufacturing Corp (AEM) and the FAA’s Airworthiness Assurance Center at Sandia National Laboratories. Accordingly, data and information collected from aircraft operated by a commercial carrier will convince regulatory bodies such as the Federal Aviation Administration (FAA) to allow routine use of the technology for installation in commercial aircraft environments. This data is additional to the extensive body of data from the various laboratory, full scale fatigue tests already conducted by SMS and/or the Company’s affiliates and partners on behalf of SMS.  Full Article

Delta Air Lines Inc Declares Quarterly Dividend
Friday, 25 Oct 2013 09:00am EDT 

Delta Air Lines Inc declared a quarterly dividend of $0.06 per share. The dividend is payable to shareholders of record as of the close of business on November 6, 2013 and will be paid on November 26, 2013.  Full Article

Delta Air Lines Inc Chooses EADS NV's Airbus-Reuters
Wednesday, 4 Sep 2013 04:51pm EDT 

Reuters reported that Delta Air Lines Inc announced an order for EADS NV's Airbus jets worth almost $6 billion at list prices. The order includes 30 A321 narrowbody planes to be used on domestic flying as well as 10 A330-300 widebody aircraft for international routes. Deliveries will be between 2015 and 2017. The list price for the deal is $5.6 billion.  Full Article

Gol Linhas Aereas Inteligentes SA Updates on Codeshare Expansion with Delta Air Lines Inc
Thursday, 18 Jul 2013 08:08am EDT 

Gol Linhas Aereas Inteligentes SA (Gol) announced that, according to expansion of a codeshare agreement with Delta Air Lines Inc (Delta), flights between Sao Paulo/Guarulhos and New York and Detroit, the United States, operated by Delta are available through Gol's sales channels – website, Voe GOL stores, call centers and travel agencies  Full Article

Delta Air Lines Inc Acquires 49% Stake In Virgin Atlantic
Monday, 24 Jun 2013 09:59am EDT 

Delta Air Lines Inc and Virgin Atlantic Airways Ltd. announced a codeshare agreement across 108 routes that offers customers seamless connections to 66 destinations across North America and the U.K. Today's codeshare announcement coincides with Delta acquiring a 49 per cent stake in Sir Richard Branson's airline - marking the next step towards a full joint venture between the two carriers. Virgin Atlantic will place its code on 91 Delta routes, including both trans-Atlantic and domestic U.S. routes. Delta will place its code on 17 Virgin Atlantic routes, including the recently launched Little Red domestic U.K. services connecting London to Manchester, Edinburgh and Aberdeen.  Full Article

Delta Air Lines Inc To Cut Flights, Jobs At Memphis Hub-DJ
Tuesday, 4 Jun 2013 07:24pm EDT 

Dow Jones reported that Delta Air Lines Inc informed employees at its Memphis, Tenn., hub on June 04, 2013 that it plans to shrink its operations there, as high fuel costs hamper the efficiency of regional jets. Atlanta-based Delta said it intends to reduce the number of its daily flights in Memphis to 60 in early September and eliminate 28% of the Company's 830 local jobs. The 230 affected nonunion employees will have the options of voluntary-retirement packages, transfers to Delta jobs at other locations or furloughs with severance pay, the carrier said. The new Memphis schedule will go into effect Sept. 3, the Delta executives said in the memo. The biggest cuts will come from routes that had been served by the 50-seat jets, as Delta is phasing out the use of hundreds of those planes to reduce its costs.  Full Article

Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc Announce Codeshare Expansion
Thursday, 9 May 2013 09:18am EDT 

Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc announced the implementation of GOL codeshare on Delta’s flights from Brasilia to Atlanta, which is an extension of their partnership. GOL will now sell Delta’s international tickets through its sales channels – website, Voe GOL stores, call centers and travel agencies. Over the next months other markets will be included in the codeshare including all Delta flights between Brazil and the United States, as well as key connecting markets operated by Delta. The codeshare agreement implementation also provides corporate clients with a single contract to facilitate negotiations in all destinations operated by the airlines. Furthermore, the companies will share commercial and promotional activities. The route from Brasilia to Atlanta is already available to be acquired at Gol channels and the first flight will take place on May 20, 2013. The second phase will include flights from Goiania, Belo Horizonte, Curitiba and Porto Alegre all via Brasilia to Atlanta. This action allows baggage to be labeled and dispatched to final destination.  Full Article

Delta Air Lines Inc To Pay Dividend, Begin Share Repurchase Program-Reuters
Wednesday, 8 May 2013 09:10am EDT 

Reuters reported that Delta Air Lines Inc will start paying a dividend and launch a $500 million share buyback program, the Company said on May 08, 2013. It declared a quarterly dividend of 6 cents a share, to be paid September 10 to shareholders of record August 9. Its board also approved a share repurchase program of $500 million, due to be completed by June 30, 2016. Delta, which has improved profits and reduced debt in recent years, last paid a common stock dividend in 2003. Its last share buyback plan was in 2000.  Full Article

Delta Air Lines Inc And Starwood Hotels & Resorts Worldwide Inc Introduce Joint Loyalty Partnership
Thursday, 7 Feb 2013 08:00am EST 

Delta Air Lines Inc and Starwood Hotels & Resorts Worldwide Inc announced a comprehensive new partnership that offers exclusive new benefits to Delta SkyMiles Medallion members and Starwood Preferred Guest (SPG) elite members. The program, called Crossover Rewards, begins March 1 and provides elite members of both loyalty programs reciprocal benefits.  Full Article

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Delta says may buy up to 50 wide-body jets to update fleet

WASHINGTON - Delta Air Lines is looking at buying as many as 50 wide-body jets, the airline said on Thursday, opening a contest between Airbus and Boeing Co for business worth well over $10 billion at list prices.

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