Delta Air Lines Inc: All Recent News

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Japan Airlines to get $1.1 billion in bailout cash 10:18 AM

NEW YORK (MarketWatch) -- Japan Airlines Corp. will receive up to $1.1 billion in emergency loans from the state-run Development Bank of Japan, the Associated Press reported Tuesday, citing an unnamed source. The news service said the Japanese transport ministry authorized the loans after it was evident the carrier would have to ground flights otherwise. JAL booked $1.5 billion in losses in the first half of the fiscal year, and faces interest-bearing debt totaling nearly $10 billion. At MarketWatch

Early Glance: Airlines companies 10:17 AM

NEW YORK (AP) - Shares of some top airlines companies are mixed at 10 a.m.:... Associated Press

Airline stocks mixed; US Airways climbs 9:41 AM

NEW YORK (MarketWatch) - Airline stocks were mixed Tuesday morning with US Airways shares rising ahead of the group. At last check, the NYSE Arca Airline Index added less than 1% to 26.73 with six of its 13 components trading up. US Airways rose 3% to $3.19 after the carrier said it would defer aircraft deliveries and arranged new credit facilities to shore up is 2009 and 2010 balance sheets. Other legacy carriers posted small gains, with American parent AMR Corp. up 2 cents to $5.58 and Continental adding a nickel to $13.37. Declining were shares of Delta , Southwest and JetBlue... At MarketWatch

Ailing Japan Airlines to receive emergency loans 9:39 AM

TOKYO (AP) - Japan Airlines said Tuesday it obtained government approval to receive up to $1.1 billion in emergency loans aimed at preventing the money-losing company from grounding flights. Associated Press

Avondale slashes price targets for legacy airlines 8:07 AM

NEW YORK (MarketWatch) -- Equity research firm Avondale Partners lowered the price targets for airline stocks under its coverage on Tuesday, saying the weaker economy will restrict profit growth through 2010. "Lacking the earnings that were once anticipated with the major capacity reductions that were implemented, airline stocks will now likely trade parallel with expectations of economic strength," the firm said. Avondale cut its price target for American parent AMR Corp. to $12 from $32, Continental to $22 from $49, Delta to $13 from $20, United parent UAL Corp. to $13 from $50, and US... At MarketWatch

Final Glance: Airlines companies 11/23/2009

NEW YORK (AP) - Shares of some top airlines companies were up at the close of trading:... Associated Press

Sector Snap: Airlines rise with broader market 11/23/2009

NEW YORK (AP) - Airline stocks gained with the broader market on Monday, as investors halted a three-day selling streak on several factors including the weaker dollar and better-than-expected home sales numbers. Associated Press

Midday Glance: Airlines companies 11/23/2009

NEW YORK (AP) - Shares of some top airlines companies are mixed at noon:... Associated Press

JAL exec proposes 50% employee pension cut: report 11/23/2009

TOKYO (MarketWatch) -- Japan Airlines Corp. may propose cuts to pension benefits in the latest move by the ailing carrier to raise capital. The airline's President Haruka Nishimatsu said Monday that he has proposed a 30% cut in pension benefits for retirees and a more-than-50% reduction for current employees, according to a Kyodo news report. Separately, Richard Anderson, chief executive of Delta Air Lines Inc. , told Dow Jones that the SkyTeam alliance of global carriers may consider a larger investment than its proposed $1.02 billion into Japan Airlines. At MarketWatch

Delta says SkyTeam could invest more in JAL: report 11/20/2009

NEW YORK (Reuters) - The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines , the Wall Street Journal reported. Thomson Reuters

Delta says SkyTeam could invest more in JAL - WSJ 11/20/2009

... At Thomson Reuters

FAA says equipment outage caused 819 flight delays 11/20/2009

WASHINGTON (AP) - The Federal Aviation Administration is blaming an equipment outage this week for delaying 819 flights. Associated Press

Holiday travelers waited longer to book this year 11/20/2009

MINNEAPOLIS (AP) - Holiday travelers waited a little longer to book their flights this year, likely holding out for better deals and waiting to see if they would still have a job. And some aren't going at all. Associated Press

Airlines: People Won't Fly, So We'll Raise Fees 11/20/2009

Airlines say it’s the right time to fly touting cheap fares and less crowding but special holiday fees could keep travelers grounded on Turkey Day and well into next year. The Air Transport Association an industry trade group released data Friday that showed that 3% fewer people took to the skies during the month of October despite ticket prices being down 12.5% year-over-year. This pushed passenger revenue down for the 12th straight month.The data which was based on a random sampling of the member airlines showed current prices to be on par to prices during the 1998 traveling season ... At Minyanville

US carriers' passenger revenue down in October 11/20/2009

WASHINGTON (AP) - Passenger revenue among U.S. airlines fell 15 percent in October compared to the same month last year, an industry trade group said Friday. Associated Press

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