July 21, 2011 |
US Airways Group Inc. and Delta Air Lines got the green light from regulators Thursday to swap some takeoff and landing rights at New York's LaGuardia and Washington's Reagan National Airports. At Reagan, US Airways - the dominant carrier in Philadelphia - will acquire 42 Delta slots, which translate into round-trip flights, along with international rights to fly to Sao Paulo, Brazil, in 2015. Delta will also pay $66.5 million to US Airways. In return, Delta will get 132 slots at LaGuardia, currently used by US Airways Express flights, to increase its presence in New York, where it already has a hub at John F. Kennedy International Airport.
January 24, 2012 |
Hoping a fourth try will be the charm in its effort to tie the knot with another carrier, US Airways Group Inc. is said to be analyzing a possible bid to acquire bankrupt American Airlines. Although a bid is far from certain, and likely months away, Delta Air Lines and private-equity firm TPG Capital Group also are looking at American, according to published reports. US Airways has hired Millstein & Co. to examine American, and Delta has hired the Blackstone Group, the Wall Street Journal reported earlier this month.
July 11, 2012 |
IN THE REGION Retailer's shares fall on sales news Shares in Destination Maternity Corp. fell 19.6 percent Tuesday on news that the Philadelphia apparel retailer had notched lower-than-expected sales during the quarter ended June 30. Net sales of $138.8 million were below the low end of sales guidance of $142 million to $147 million issued on April 26. The same quarter a year earlier, sales were $146.7 million. The company issued new earnings guidance of 51 cents to 53 cents per share for the quarter, down from 57 cents to 70 cents forecast in April.
July 17, 1987 |
Until a month ago, Delta Air Lines enjoyed a national reputation, both inside the aviation industry and with the flying public, as a safe and efficiently operated company. Then the nightmare began. Although no lives have been lost, Delta pilots in five separate incidents have strayed off course and nearly hit another plane, landed at a wrong airport, landed on a wrong runway, nearly taken off into another airplane and almost dumped a loaded Boeing 767 into the sea by inadvertently shutting off its engines.
September 8, 2012 |
Who knew that the economic solution for the region's beleaguered oil refineries would arrive on a slow train from North Dakota? Delta Air Lines, the new owner of the Trainer refinery that is scheduled to reopen later this month, on Thursday became the third fuel producer in the Philadelphia area to announce plans to bring in crude oil by rail from the Bakken oil field in the upper Midwest. Edward Bastian, the airline's president, told an investor conference in New York that Delta plans to replace some imported oil at Trainer with domestic crude brought in by rail.
August 1, 2003 |
In an unusual settlement, the federal Transportation Security Administration has agreed to apologize to a passenger and change training policies after federal air marshals arrested the man in Philadelphia last year. The agency, accused of racial profiling, also agreed to pay $50,000 to the passenger, Bob Rajcoomar, under a settlement disclosed yesterday of his lawsuit stemming from the arrest aboard Delta Air Lines Flight 442. Experts in federal law and the Transportation Security Administration's history called the settlement an extraordinary admission by the agency and a highly unusual disclosure under federal tort law. "They're basically saying, 'You caught us,' " said Andrew Thomas, a private security analyst who closely follows the agency.
August 10, 2000 |
Internet Capital Group of Wayne has hired Edward West, who had been the top financial officer of Delta Air Lines Inc., as its chief financial officer. West replaces David Gathman, 52, who oversaw ICG's initial public offering a year ago and a second offering of $1.2 billion in stock and debt in December. ICG invests in and operates 63 companies that run online business exchanges and sell Internet software and services. "Ed brings a unique set or combination of skills and is a phenomenal hire from our perspective," ICG's chief executive officer, Walter Buckley 3d, said.
October 16, 1995 |
It took a while, but American Express has finally started teaming up with travel companies to offer "affinity" cards, which help people earn frequent- traveler rewards. American Express and Hilton Hotels are offering a Hilton Optima Card that gives points in the Hilton HHonors frequent-guest program for everything charged to it. Like many other credit cards these days, the co-branded card has no annual fee and starts with a low interest rate for the first six months. The variable annual interest rate rises to close to the legal limit after that.
December 28, 1995 |
The nation's airlines are trying to keep the good times rolling with a post-holiday ticket sale that halves some fares. Delta Air Lines Inc. started the sale yesterday, offering discounts of 30 percent to 50 percent on flights between Jan. 2 and Feb. 29. Trans World Airlines Inc., of St. Louis, quickly matched the fares on competing routes in the United States, Puerto Rico and Mexico. Other major carriers matched most of Delta's fares.