Karen's Feed
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.

Apr 5, 2013

U.S. budget cuts ripple beyond defense to travel, tech

April 5 (Reuters) – The rustic, 316-room Cheyenne Mountain
Resort hotel in Colorado Springs is usually booked solid this
time of year, just days before a major national space conference
rolls into town.

But business is off by about a third this season as NASA has
withdrawn from the conference, one of many government agencies
cutting spending to meet $85 billion in budget cuts that must be
made by Sept. 30 known as “sequestration.”

Apr 5, 2013

US budget cuts ripple beyond defense to travel, tech sectors

April 5 (Reuters) – The rustic, 316-room Cheyenne Mountain
Resort hotel in Colorado Springs is usually booked solid this
time of year, just days before a major national space conference
rolls into town.

But business is off by about a third this season as NASA has
withdrawn from the conference, one of many government agencies
cutting spending to meet $85 billion in budget cuts that must be
made by Sept. 30 known as “sequestration.”

Mar 26, 2013

Analysis: JetBlue looks to stand out in industry’s middle seat

ATLANTA (Reuters) – JetBlue Airways Corp (JBLU.O: Quote, Profile, Research, Stock Buzz) caught the airline industry’s attention just over a decade ago with low fares and a customer-centric culture. Now, it is under pressure to show it can compete as larger rivals raise their game and smaller carriers tout their low-price advantage.

No longer an upstart but not big enough to match the scale of Delta, United or the soon-to-be merged American Airlines-US Airways, JetBlue is in the middle. It is Looking to draw more business passengers that disdain its bigger brethren and keep leisure travelers who love the free TV that low-cost rivals don’t offer.