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Salt Lake City Airport set for $2 billion makeover
TransportMountain views, faster takeoffs and workout equipment are a few things Salt Lake City officials are considering as they draw up plans for a nearly $2 billion remake of the city’s airport. The bulk of the budget for construction comes from fees airlines pay to use the facility and from passengers buying tickets, among a [...]
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Delta to add jobs to reservations center in Minnesota
TransportThe chief executive of Delta Air Lines said he plans to add jobs at the carrier’s reservation center in the northeastern Minnesota city of Chisolm. CEO Richard Anderson told the Mesabi Daily News of Virginia, Minn., for a Sunday story that his airline wants to invest in the facility and keep it growing. It currently [...]
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Lawsuit against Delta’s mobile app privacy violations dismissed
TransportDelta Air Lines Inc. won dismissal of a case claiming it violated California’s online privacy law because its mobile-phone application didn’t notify users that personal information, such as their locations, was collected. The lawsuit was the first brought by California Attorney General Kamala D. Harris under the state’s Online Privacy Protection Act since she announced [...]
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Pinnacle emerges from bankruptcy and moves to Minnesota as Delta subsidiary
TransportDelta Connection carrier Pinnacle Airlines emerged from bankruptcy Wednesday and became a subsidiary of Delta Air Lines. Pinnacle also plans to move its headquarters from Memphis to Minnesota by the end of this month. Atlanta-based Delta last year gave Pinnacle $74.3 million in financing and said it would add to the Pinnacle fleet 40 CRJ-900 [...]
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Delta Air Lines CEO gets raise after the airline posts $1 billion in profit in 2012
TransportThe CEO of Delta Air Lines saw his compensation jump 42 percent last year as the airline boosted his long-term incentive pay and the airline made more money than its peers. Richard Anderson’s compensation rose to almost $12.6 million, up from $8.9 million in 2011, according to an Associated Press calculation based on an SEC [...]
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Delta posts modest first quarter profit, but best in a decade
TransportDelta Air Lines said government spending cuts and weak demand from vacationers are hurting revenue this month. Lower fuel prices should help to offset the decline, the airline said on Tuesday. Automatic government spending cuts that took effect last month have been cutting into air travel at some airlines. Delta said demand from last-minute travelers [...]
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Pinnacle to fly exclusively for Delta upon leaving bankruptcy
TransportPinnacle Airlines Corp. won approval Wednesday to leave bankruptcy and Memphis behind. Judge Robert E. Gerber of U.S. Bankruptcy Court in Manhattan approved a Chapter 11 reorganization plan that will allow Pinnacle to emerge from bankruptcy as a wholly owned Delta Air Lines subsidiary. Pinnacle filed bankruptcy April 1, 2012, saying its survival was threatened [...]
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Delta is the top U.S. airline in 2012, but the new American Airlines is coming
TransportAmong U.S. carriers, Delta Air Lines had the most enplanements, nearly 116.5 million, during 2012 for the third consecutive year, according to the latest rankings from the Bureau of Transportation Statistics. But it shouldn’t get comfortable at the top. The new American Airlines, slated to take shape around the fall of 2013 because of its [...]
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Delta cuts forecast for first-quarter revenue after missing March projections
TransportDelta Air Lines Inc on Tuesday cut its first-quarter forecast for a key revenue measure as March performance weakened from January and February, and its shares fell nearly 8 percent. Unit revenue, a measure of pricing power and the extent to which planes are filled, rose 2 percent in March. That measure, which is also [...]
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Investors take a second look at airlines as 2013 returns climb
TransportU.S. airlines, shunned by Warren Buffett for almost 25 years, are now rewarding investors with the biggest returns in more than a decade. The Bloomberg U.S. Airlines Index of 10 carriers surged 35 percent in the first quarter, the best start to a year since at least 1999. Wall Street projects that gains are just [...]
