Key Developments: Delta Air Lines Inc (DAL)
18.93USD
24 May 2013
$0.44 (+2.38%)
$18.49
$18.21
$18.93
$18.21
11,080,832
13,906,584
$19.43
$8.42
Latest Key Developments (Source: Significant Developments)
Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc Announce Codeshare Expansion
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
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
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
Delta Air Lines Inc In Talks With EADS NV's Airbus, Boeing Co For Likely Order-DJ
Dow Jones reported that Delta Air Lines Inc is in talks with EADS NV's Airbus and Boeing Co about a potential order for 24 to 30 planes, Bloomberg News reported on Wednesday. Delta is looking at current single-aisle versions of the Airbus A320 and Boeing 737 instead of newer models, Bloomberg reported. Delta is interested in a deal under which Airbus or Boeing would take some of the airline's 50-seat regional jets. Financial terms and conditions were not disclosed. Full Article
Delta Air Lines Inc Issues FY 2012 Profit Guidance In Line With Analysts' Estimates-Conference Call
Delta Air Lines Inc announced that fiscal 2012 will shape up to be quite a good year, expects profit of about $1.6 billion which will be about a 30% improvement year-on-year or about $350 million. According to I/B/E/S Estimates, analysts were expecting the Company to report net profit of $1.6 billion for fiscal 2012. Full Article
Delta Air Lines Inc And Virgin Atlantic Airways Ltd Announces Strategic Alliance
Delta Air Lines Inc and Virgin Atlantic Airways Ltd. announced that have reached an agreement for a new joint venture that will create an expanded trans-Atlantic network and enhance competition between the U.K. and North America, offering greater benefits for customers traveling on those routes. As part of this joint venture agreement, Delta will invest $360 million in Virgin Atlantic, acquiring a 49% stake currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51% stake and Virgin Atlantic Airways will retain brand and operating certificate. Full Article
Delta Air Lines Inc Being Sued In First Action Under California Online Privacy Law-Reuters
Reuters reported that California's attorney general office said, it was suing Delta Air Lines Inc for distributing a mobile application without a privacy policy, the first-ever legal action under the state's online privacy law. The lawsuit targets Delta's Fly Delta app for smartphones and other electronic devices. The app allows customers to check in online, view reservations and book flights, collecting personal data from users, including the user's name, phone number, email and geographic location. The civil complaint filed in a California state court accuses Delta of distributing the app without a privacy policy since at least 2010, violating the California Online Privacy Protection Act, a 2004 state law. Full Article
Bombardier Inc Wins Order For Up To $3.29 Billion From Delta Air Lines Inc-Reuters
Reuters reported that Bombardier Inc said Delta Air Lines Inc placed firm orders for 40 NextGen jets, with the option to buy another 30, in a deal valued at up to $3.29 billion. The firm orders were valued at $1.85 billion, Bombardier said. Full Article
Singapore Airlines Ltd In Talks To Sell Its 49% Stake In British carrier Virgin Atlantic; Delta Air Lines Inc Among Potential Suitors- Reuters
Reuters reported that Singapore Airlines Ltd said it was in talks with interested parties to sell its 49% stake in British carrier Virgin Atlantic, with sources revealing that Delta Air Lines Inc was among the potential suitors. Delta wants to gain access to Virgin Atlantic's landing rights at London's Heathrow airport. Full Article
Air France-KLM SA and Delta Air Lines Inc Cancel Flights to United States East Coast-DJ
Dow Jones reported that as of October 30, 2012 Air France-KLM SA and its joint venture partner Delta Air Lines Inc have cancelled several flights from Amsterdam/Paris to the East Coast of United States. The reason of the cancellation is impact of the hurricane Sandy . Full Article
REFILE-RPT-Sell cheap fuel and profit - Delta Air Lines' refining 101
* Delta's Trainer refinery could take 50,000 bpd of Bakken crude by end year
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