Delta is adding Boeing 787 Dreamliner to its fleet
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Delta reported adjusted earnings per share of $1.55 on revenue of $14.6 billion in the fourth quarter. Analysts were expecting earnings of $1.53 per share on revenues of $14.7 billion in the fourth quarter, according to FactSet data.
Delta finished the year strong, thanks to its decision to prioritize high-end customers on the top arm of the K-shaped economy.
Delta Air Lines seems to be on the verge of taking the "basic economy" concept and adapting it for its high-end cabins.
During a recent interview, Delta Air Lines CEO Ed Bastian made it very clear that he believes such a move would actually hurt the very people that the plan would be designed to help. During an interview with reporters aboard Air Force One this week, Trump proposed the idea of a one-year cap on credit card interest rates at 10%.
President Donald Trump’s push to cap credit card interest rates at 10% would hurt banks and lower-end consumers, Delta Air Lines Inc. Chief Executive Officer Ed Bastian said.“The knock on effects are pretty significant when you think about what seems to be a good idea to help lower income strata and bring some interest-rate relief,
The airline is reducing its AmEx credit card statement benefit, but boosting miles and status gifting ability.
Delta Air Lines is distributing $1.3 billion to employees in profit-sharing bonuses, with thousands of workers at MSP airport getting a share.
The company also said it had agreed to buy 30 new Boeing 787-10 aircraft and retained an option to buy another 30. The new planes are expected to begin their arrival with Delta in 2031.