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Fuller Speed Ahead Podcast: VP Of Delta Cargo Shawn Cole
Monday, November 4, 2019 - 2:21pm | 385FreightWaves CEO Craig Fuller sits down with Shawn Cole, Vice President of Delta Cargo. They talk about how industries globally rely on air cargo to move perishables to and from the United States. According to Delta Air Lines Inc. (NYSE: DAL), the airline carries 2.2 billion cargo ton-miles each...
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Delta Becomes First US Airline To Offer Door-To-Door Parcel Delivery
Tuesday, October 29, 2019 - 3:41pm | 613Delta Air Lines (NYSE: DAL) has teamed with on-demand delivery company Roadie to launch a door-to-door, cross-country shipping service for time-critical goods such as medical equipment, and automotive and industrial parts. It is the first U.S. passenger airline to offer turnkey, round-the-clock...
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Delta Borrowing $1.5 Billion To Pay For LATAM Airlines Stake
Wednesday, October 23, 2019 - 6:14pm | 204Delta Air Lines (NYSE: DAL) is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines, according to a prospectus filed with the Securities and Exchange Commission Wednesday afternoon. The Atlanta-based airline announced its intent four weeks ago...
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Analysis: Delta-LATAM Joint Venture Has Strong Cargo Upside
Monday, October 21, 2019 - 12:37pm | 822The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities to extend cargo reach, make money and benefit shippers. Delta officials have not publicly...
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Virgin Atlantic And Delta Open Hi-Tech Export Facility At Heathrow
Thursday, October 10, 2019 - 5:29pm | 651Virgin Atlantic Cargo and Delta Air Lines (NYSE: DAL) Cargo have opened what they refer to as a "state-of-the-art export facility" at London Heathrow to future-proof the joint venture's growth plans in the U.K. market. The move to the new cargo terminal will ultimately double the size of the joint...
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Delta Posts Strong Income Gains Despite Slump In Cargo Revenue
Thursday, October 10, 2019 - 11:32am | 498Delta Airlines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is off 13% to $567 million compared to the same period last year due to lower volumes and yield, the company reported Thursday. Delta Air Lines (NYSE: DAL) is a victim of a weakening air cargo market...
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Italian Government Asks Delta To Do The Right Thing
Friday, September 27, 2019 - 4:53pm | 610The Italian government is begging U.S. major Delta Air Lines, Inc. (NYSE: DAL) to up the proposed acquisition of a 10% stake in Alitalia for $100 million to at least 15%, according to a report in Italian media. Loss-making Alitalia has been seeking new investors for more than two years after going...
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Delta Takes Aim At American In Latin America With LATAM Deal
Friday, September 27, 2019 - 1:46pm | 687The proposed strategic partnership with LATAM Airlines (NYSE: LTM) represents Delta Air Lines (NYSE: DAL) largest investment in a foreign carrier and is a major competitive strike against American Airlines in Latin America. The deal will allow Delta Air Lines to tap into an $8 billion market for U...
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Delta Explores Forest Residue As Jet Fuel
Wednesday, September 18, 2019 - 11:30am | 923Forest debris buildup has been blamed for fueling many wildfires in the West. Delta Air Lines Inc (NYSE: DAL) hopes it can soon fuel its jet engines. The Atlanta-based carrier said it is investing $2 million to study the feasibility of a facility that can produce aviation biofuel from wood...
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Delta, Virgin Atlantic To Expand Cargo Network Between U.S. And U.K.
Friday, August 16, 2019 - 2:38pm | 592Companies moving goods between the U.S. and the U.K. will soon see more options open up. Delta Airlines (NYSE: DAL) and Virgin Atlantic are both increasing flights between the two continents beginning in the summer of 2020, and Delta will have a presence at Gatwick Airport for the first time in...
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Delta Cargo Chooses FreightWaves SONAR For Global Freight Intelligence
Tuesday, August 6, 2019 - 10:47am | 907FreightWaves has signed an enterprise-level agreement to provide Delta Cargo with global intelligence and data analytics through its FreightWaves SONAR platform. Delta Cargo is FreightWaves' first airline partner, and it will provide Delta Air Lines, Inc.(NYSE: DAL) with dedicated access to both...
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Fed In Focus As Investors Await Release Of Minutes From "Policy Shift" Meeting
Wednesday, February 20, 2019 - 11:03am | 1755It’s been said that talk is cheap. But investors seem to not think so when it comes to the ongoing trade negotiations between the United States and China. Participants in equities markets around the globe appear to be focused on progress between the world’s two largest economies...
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Delta CEO Talks Snacks, Free WiFi, Airline Trade Policy
Wednesday, November 15, 2017 - 5:50pm | 1063In a world of wars and walls, Delta Air Lines, Inc. (NYSE: DAL) claims a goal of unity. “Our mission is to make the world a smaller place,” CEO Ed Bastian said Wednesday at the Detroit Economic Club. “It’s something the world is pulling against, and we’ve got to lean...
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Here's Why Warren Buffett Invested in Southwest Airlines
Tuesday, August 29, 2017 - 3:10pm | 4354The economics of the airline industry are dreadful. Here are some reasons why I believe so. high fixed costs - employee, fuel, rents (terminal, etc), no pricing power - commodity like pricing which is often dependent on your competitor, violently cyclical - each time the economy sneezes...
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Delta Air Lines: A Winner Among Legacy Carriers
Tuesday, August 22, 2017 - 11:51am | 1324Delta Air Lines (NYSE: DAL) appears to have fundamental strengths that are not currently reflected in its stock price. In the second half of 2016, all legacy carriers including Delta, American Airlines (NASDAQ: AAL), United Continental (NYSE: UAL) and Southwest Airlines (NYSE: LUV) saw a rapid...