Delta&#39;s downsizing rallies competitors
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Delta Air Lines&#39; jolting move Wednesday to shut down its hub at Dallas-Fort Worth International Airport will result in fewer flight options for travelers while aiding its competitors.
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Delta Air Lines Inc., which aims to exit bankruptcy this spring, said on Friday that it posted a narrower loss in January amid increased capacity and higher ticket prices.
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The proposal was indicative of the fervent competition that is emerging in the low-fare segment of the airline industry.
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Delta Air Lines Inc. has reached a  tentative contract with its pilots in a move that could stave  off a bankruptcy filing, sending its shares up 24 percent in  premarket trading on the INET electronic brokerage system.
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U.S. airline stocks rallied on Tuesday on falling oil prices and a Wall Street Journal report that Delta Air Lines Inc  was in merger talks with Northwest Airlines Corp  and United Airlines parent UAL Corp .
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Shares of Delta Air Lines Inc. jumped  on Thursday after the company and its pilots union reached a  tentative contract that will save the cash-strapped carrier $1  billion a year.
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With the likelihood of bankruptcy growing stronger each day, Delta Air Lines Inc. officials may consider &quot;shopping out&quot; to another bankruptcy court outside of Atlanta to get the most favorable conditions for restructuring their business.
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Delta Air Lines Inc. said yesterday it has obtained up to $600 million in new financing as it seeks to avoid bankruptcy. Delta shares surged on the news, climbing 54 cents, or 16.
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American Airlines  on Thursday said it has broadly matched Delta Air Lines's  new fare structure, reducing its highest fares and lowering fares for last-minute travel in thousands of U.S. markets.
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The massive restructuring and cost-cutting plan Delta Air Lines introduced Wednesday should help the financially struggling carrier reinvent itself over the long haul, experts and industry insiders say.
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Delta Air Lines DAL.N, which has  narrowly avoided bankruptcy in the past few months, on Thursday  said its fourth-quarter loss mushroomed as it struggled with  high fuel prices and low fares stemming from tough competition.
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Logan International Airport can bring in other carriers to fill nine of the 25 slots at Delta Air Lines Inc.'s $500 million Terminal A, under the final terms of a US Bankruptcy Court deal.
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United and Delta airlines on Friday matched an airfare increase that American Airlines launched, but it wasn&#39;t clear whether other competitors would follow.
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ATLANTA -- Delta Air Lines pilots handed the struggling airline a huge victory yesterday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.
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When Matthew Szulik left Red Hat abruptly for family health reasons in December, many people were scratching their heads over the company&#39;s new choice of CEO: a young executive from Delta Airlines, Jim Whitehurst. But Whitehurst&#39;s chief operating officer title at Delta and position outside of the technology industry are misleading; a peek into his past reveals a computer science degree and a passion for open source technology, not to mention a smooth operator who helped bring a struggling airline out of bankruptcy.
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With a tentative deal to cut $1 billion in pilot costs, Delta Air Lines appears to have beaten back the threat of bankruptcy -- at least for now, analysts say.
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ATLANTA - In the days after the Sept. 11 terror attacks, Delta Air Lines stood apart from its embattled rivals. AMR Corp.&#39;s American Airlines and UAL Corp.