American Express Adds Delta Air Lines to Its International Airline Program
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NEW YORK, Feb. 15  /PRNewswire/ -- American Express announced today that it has added Delta Air Lines to its International Airline Program (IAP), available exclusively to Platinum Card and Centurion Card members.
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Delta Air Lines, United Airlines and Continental Airlines have all raised their domestic fuel surcharges, matching a move by American Airlines amid soaring fuel prices.
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Delta Air Lines Inc.  raised fares by $5 each way in most domestic markets, a spokeswoman for the No. 3 U.S. airline said on Friday, the latest test of airline pricing power.
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Bankrupt Delta Air Lines Inc.  said on Monday its creditors agreed to allow the carrier to give retired pilots an additional $719 million in pre-petition claims to help them recoup lost pension benefits.
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Delta Air Lines world headquarters in Atlanta is shown in this Sept. 8 file photo. In a filing with the Securities and Exchange Commission, the airline reported that it expects its quarterly report to be released
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(InfoWorld) - IBM reported on Mar. 2 that it has signed American Airlines as its latest major human resources outsourcing customer, announcing a $217 million deal to take over much of the airline's personnel operations. TheÂ technology services giant reported that it will support HR functions including training, recruitment, and staffing -- along with related IT and call center support -- for all of American's 88,000 employees in the United States and Canada. Big Blue won the deal in tandem withÂ consultants Mercer HR Services, which will cover health and benefits and pension and payroll management aspects of the seven-and-a-half year contract. The deal with American represents only the latest in a string of major outsourcing agreements won by IBM, including anÂ IT services pact with rival Delta AirlinesÂ signed in Aug. 2006. Terms of the Delta agreement weren't made public, but IBM reported that it would partner with the airline's internal technology group to help oversee IT mainframe services and other infrastructure management operations. In July 2006, IBM announced another sizable HR services outsourcing deal, signing retailer CVS Pharmacy to a 10-year agreement covering many of the same business processes involved in the American Airlines contract. CVS cited the need to help patch together the 55,000 new employees it added over a two-year span of acquisitions as the primary motivation behind its outsourcing strategy. American, a subsidiary of AMR, said it is hoping the outsourcing pact can help it drive down costs and improve services for employees as well as find new ways to offer access to HR tools to workers. Representatives with AMR said that the company expects to save a total of $60 million over the course of the outsourcing arrangement with hopes to cut an additional $2 million per year in related administrative expenses. American will transfer the work currently being handled by roughly 200 of its employees via the agreement, said AMR spokeswoman Susan Gordon. A small number of those workers will be transferred over to IBM and the remaining people moved into other HR roles at the airline. A major element of the decision making process -- carried out by American over the last year-and-a-half -- was the consideration of IBM's ability to further modernize and streamline American's HR-related IT operations, she said. "The ability to work with IBM and take advantage of the technologies and processes they have in place was a key factor in this decision," said Gordon. "American will retain responsibility for strategy through the partnership with the transition of functions taking place over a period of two years." Researchers at Gartner estimated that the market for HR-related business process outsourcing reached $24.6 billion in 2006, a roughly 5 percent gain over 2005. However, the research firm has also predicted that some services providers might struggle with profitability during 2007, impeding growth of the U.S. sector of the market specifically. HR remains the largest segment of the worldwide business outsourcing market at 18.7 percent, Gartner reported, with payroll and benefits administration ranking as the most popular tasks that are being farmed out to service providers. According to a report published by researchers at Boston-based Ovum Summit in Aug. 2006, IBM topped rivals, including CA, Hewlett-Packard, and BMC Software, in several categories of a recent customer poll, winning praise as the industry's "most strategic IT management software vendor."
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Delta Air Lines Inc., struggling to cut costs to avert bankruptcy, said on Thursday it was amending its offer to exchange up to &#36;680 million worth of its outstanding &#36;2.6 billion of unsecured debt, asking holders to submit tenders by Oct. 26.
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Delta Air Lines Inc., the nation's third-largest carrier, said Tuesday it has obtained a commitment for $2.5 billion in exit financing as part of its plan to emerge from bankruptcy
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Desperately trying to stave off bankruptcy, Delta Air Lines state that it has received $600 million in financing from American Express Travel Related Services Co.
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American Airlines has sought licences from US regulators to launch two routes into Ireland next year.
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No. 3 US airline gets commitment from GE Commercial Finance as it looks to avoid bankruptcy. NEW YORK  - Delta Air Lines Inc.
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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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Delta Air Lines plans to start on Wednesday a sweeping program to streamline its fare system, capping economy-class fares at $499 each way.
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Delta Air Lines Inc., struggling to avoid bankruptcy, has hired an international marketing firm to help reshape its image. Terms of the deal between Atlanta-based Delta and New York-based Ogilvy &amp; Mather Worldwide were not disclosed Wednesday.
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Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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American Airlines on Friday said it  will increase surcharges on all international fares to help  offset the skyrocketing costs of jet fuel.
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Travel to the City of Brotherly Love will soon turn into a three-way brawl. Delta Air Lines Inc. said yesterday it will begin offering four daily flights from Logan International Airport to Philadelphia International on Nov. 5, taking on a route that US Airways dominates and AirTran Airways has been fighting to crack.