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Spirit Airlines has lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, although that slump might end this year.
Year to date, Delta and United have gained nearly 60% and 134%, respectively, handily beating the S&P 500's gain of more than 25%. American ( AAL ) has gained roughly 6% during the same period ...
Delta Air Lines CEO Ed Bastian was 25 when ... a bonus check that amounted to over 10% of their annual salary. ... in half overnight.” 20,000 more employees agreed to take an early retirement ...
Bastian left Delta in 2005 to become senior vice president and chief financial officer at Acuity Brands. Six months later, at the request of then-Delta CEO Gerald Grinstein, he returned to the airline to serve as chief financial officer. [8] In 2007, he was appointed to president, a position he held until assuming the role of CEO in May 2016. [9]
Delta Air Lines aircraft parked on a taxiway at Kansas City International Airport. As of December 2024, the Delta Air Lines fleet consists of 986 mainline aircraft, making it one of the two largest commercial airline fleets in the world, along with United Airlines. [1] [2] [3] Delta Air Lines operates a fleet manufactured by Airbus and Boeing. [4]
This change of a few words more than doubled the pension payout from $2.7 million to an estimated $5.8 million, but these numbers did not appear on the SEC-required executive compensation tables or in the annual report footnotes. The numbers were revealed only because a newspaper covering the story hired an actuary to calculate the new basis.
When Southwest Airlines canceled more than 15,700 flights during last year’s December holiday season, it pointed to infrastructure problems across the industry. Southwest is not the only airline ...
Delta said its Airbus A350-1000 aircraft will be introduced with about 50% premium seats, for example, while the airline plans to add lie-flat business class to A321neo jets.