Hints and tips:
...Delta Air Lines, United Airlines and American Airlines collectively spent $2.2bn on maintenance in the third quarter, a 45 per cent increase on the same period in 2019, according to a recent note by Sheila...
...But there are good reasons to believe Delta’s run can continue. Chief among them: the airline’s long-standing credit card deal with American Express....
...Both airlines cited fuel costs that rose above their expectations. Fuel is forecasted to cost Delta between $2.75 and $2.90 a gallon for the third quarter, rather than $2.50 to $2.70....
...American, Delta and JetBlue all cited rising industry costs as driving their decision. The airline industry is confronting inflation, higher fuel prices and higher labour costs....
...Shares in American were down almost 3 per cent in pre-market trading on Wednesday, while large rival carriers United Airlines and Delta Air Lines each dropped more than 2 per cent....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...United and Delta were both down 6 per cent by late morning in New York, while American was 5 per cent lower....
...While Ola Cabs has been locked in a fierce battle with American rival Uber, Aggarwal said he was “very happy” with the business....
...The Dow Jones US Airlines index has dropped 24 per cent since July 11, with Delta Air Lines and American having slashed their third-quarter earnings forecasts because of rising fuel prices....
...US airlines typically do not hedge and have issued a series of profit warnings because of fuel prices. Last week Delta and American Airlines slashed their third-quarter guidance on rising fuel costs....
...Yet industry figures argue that tapping the wider offshore region in which the block lies, known as the Equatorial Margin, is crucial to the South American nation’s continued status as a globally important...
...In London we have woken to news of the latest international exit from the restive, oil rich swamps of Niger Delta....
...Yet shares in Delta, American, United and Southwest are down between 5-13 per cent over the past three months, compared with a 4 per cent gain for the S&P 500....
...In the US, the four major airlines — United Airlines, Delta Air Lines, American Airlines and Southwest Airlines — will operate 72 per cent of flight schedules this year, according to an FT analysis of figures...
...Delta has a joint venture with Latam and was among shareholders that provided funds towards a $5.4bn cash injection as part of a restructuring last year....
...Regional carriers fly shorter routes to outlying cities with jets that contain fewer seats than those flown by carriers such as United, Delta Air Lines or American Airlines....
...Between 2008 and 2013 there were a series of megamergers in which United, Delta and American Airlines each swallowed a similarly sized competitor....
...At US airline Delta, business travel has recovered to “somewhere in the mid-80s” per cent of normal levels, while the recovery is slower but building in Europe....
...Opill, made by the Irish-American pharmaceutical group Perrigo, will be available at pharmacies, convenience stores, grocery stores and online....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
...A former senior scientist at the American Institute of Physics, Delta Merner, now involved in climate litigation for UCS, said there was a risk that information from the COP27 presidency would go “back to...
...But, as Tom also reports, Europe’s largest oil and gas company now also faces a new lawsuit from residents of a polluted community in the Niger Delta....
...Hochstein added: “It is not only un-American, it is so unfair to the American public.”...
...Delta’s partnership with American Express — which makes up the bulk of its SkyMiles loyalty programme — should bring in more than $5bn in revenue this year....
...That compares with 7.5 per cent for American, 10 per cent for United Airlines and 13-14 per cent for Delta, which in 2012 bought a Pennsylvania oil refinery to help manage jet fuel prices....
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