Delta commits $1 billion to become first carbon neutral airline globally

Starting March 1, 2020, Delta Air Lines is committing $1 billion over the next 10 years on its journey to mitigate all emissions from its global business, going forward. The airline will invest in driving innovation, advancing clean air travel technologies, accelerating the reduction of carbon emissions and waste, and establishing new projects to mitigate the balance of emissions. “There is no substitute for the power that travel has to connect people, which our world needs today more than ever before. As we connect customers around the globe, it is…

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Air France, KLM, Delta, Virgin Atlantic launch world’s leading partnership

Air France, KLM, Delta and Virgin Atlantic have launched their expanded joint venture offering a greater choice of routes and loyalty options when travelling between Europe, the U.K. and North America.   The new partnership provides customers with more convenient flight schedules and a shared goal of ensuring a smooth and consistent travel experience, whichever airline people fly.  The partnership also provides the flexibility to book flights on any of the four carriers through their respective mobile apps, websites, or via travel agents. Customers will enjoy award-winning service, top-tier premium cabin…

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Delta Air Lines announces pre-tax income of $1.2b for Dec. quarter

Delta Air Lines has reported financial results for the December quarter and full year 2018 including both GAAP and adjusted metrics.    Adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth, allowing the company to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin.  Adjusted earnings per share increased by 42 percent year over year to $1.30. For the full year, adjusted pre-tax income was $5.1 billion, a $137 million decrease…

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Delta Air Lines announces September Quarter profit of $1.6b adjusted pre-tax income

Delta Air Lines has reported financial results for the September quarter 2018. Highlights of the results include $1.6 billion adjusted pre-tax income for the September quarter 2018 and adjusted earnings per share of $1.80, at the high end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a four percent lower share count.  Results reflect a $30 million negative impact from Hurricane Florence.   “Our solid eight percent revenue growth, combined with flat non-fuel unit…

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