Karen's Feed
May 23, 2013

Delta will wait for new planes to mature: CEO

By Karen Jacobs

(Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on Wednesday.

While other airlines have ordered more than 3,000 of the next generation narrow-body models, the Boeing 737 MAX and the Airbus A320neo, Delta says it is playing it safe.

May 22, 2013

Delta will wait for new planes to prove themselves: CEO

By Karen Jacobs

(Reuters) – U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before ordering any, its chief executive told Reuters on Wednesday.

The two airplane makers have orders for more than 3,000 of their narrow-bodied models, the Boeing 737 MAX and the Airbus A320neo, which boast fuel savings of about 15 percent. The new models are to be in service from the second half of the decade.

May 9, 2013

Priceline sees second-quarter profit below estimates, shares fall

By Karen Jacobs

(Reuters) – Online travel agency Priceline.com on Thursday gave a forecast for second-quarter profit that was below analysts’ estimates, as it cited the effects of global expansion costs, and its shares slid 3 percent in after-hours trading.

Priceline made the comments as it reported a first-quarter profit that topped estimates on improved hotel and car-rental reservations.

May 8, 2013

Delta to restart dividend, launch buyback to return cash

By Karen Jacobs

(Reuters) – Delta Air Lines Inc (DAL.N: Quote, Profile, Research) plans to return $1 billion (643.16 million pounds) to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyback program, the company said on Wednesday.

The initiatives are part of a five-year plan that seeks to generate as much as $5 billion in value for investors, the carrier said in a statement.

May 8, 2013

Delta to restart dividend, launch share buyback program

By Karen Jacobs

(Reuters) – Delta Air Lines Inc (DAL.N: Quote, Profile, Research, Stock Buzz) plans to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyback program, the company said on Wednesday.

The initiatives are part of a five-year plan that seeks to generate as much as $5 billion in value for investors, the carrier said in a statement.

Apr 24, 2013

US Airways CEO hoping for furlough resolution soon

, April 24 (Reuters) – US Airways Group
Chairman and Chief Executive Doug Parker said he was
hopeful government leaders would come to a solution that would
halt the travel disruptions in wake of U.S. staff cuts of air
traffic controllers.

“It’s untenable as it is,” Parker said in an interview on
Wednesday in Scottsdale, Arizona, where US Airways held
briefings with media.

Apr 23, 2013

Delta, US Air profits top Wall Street estimates

April 23 (Reuters) – Delta Air Lines and US Airways
Group, aided by revenue gains, posted
higher-than-expected first-quarter earnings on Tuesday, and
their shares rose despite cautions by both carriers about
near-term weakness.

Delta forecast a positive operating margin for the current
quarter but added that U.S. government spending cuts and lighter
demand from leisure travelers were expected to hurt a key
revenue measure in April.

Apr 23, 2013

Delta, US Air profits top estimates

April 23 (Reuters) – Delta Air Lines and US Airways
Group posted higher-than-expected first quarter earnings
on Tuesday driven by revenue gains and their shares rose despite
cautions by both carriers about near-term weakness.

Delta forecast a positive operating margin for the current
quarter but added that U.S. government spending cuts and lighter
demand from leisure travelers were expected to hurt a key
revenue measure in April.

Apr 22, 2013

Air traffic furloughs cause delays but no major havoc

By Karen Jacobs

(Reuters) – Air travelers experienced delays at some U.S. airports on Monday as staff cuts at control towers took effect, but the widespread havoc and hour-long waits that regulators had predicted last week largely failed to materialize.

Instead, the U.S. air system operated as it would if only a few bouts of bad weather had affected schedules.

Apr 22, 2013

U.S. air traffic furloughs cause delays but no major havoc

April 22 (Reuters) – Air travelers experienced delays at
some U.S. airports on Monday as staff cuts at control towers
took effect, but the widespread havoc and hour-long waits that
regulators had predicted last week largely failed to
materialize.

Instead, the U.S. air system operated as it would if only a
few bouts of bad weather had affected schedules.