Delta Airlines Sees Record Revenues Boosted by Corporate and European Travel with Strong Dollar.

Delta Airlines was the first airline to report Q3 earnings on Thursday announcing record revenue from “tremendous demand” with the reemergence of corporate travel, offsetting soaring jet fuel expenses up 45% compared to 2019. DAL expects to run at 92% of the comparable 2019 capacity during the December quarter and set on fully restoring its network over the next six-to-nine months. Delta Airlines Earnings Q3 2022 earnings released at 6:15 a.m. ET; conference call at 10:00 a.m ET Adjusted net … Continue reading “Delta Airlines Sees Record Revenues Boosted by Corporate and European Travel with Strong Dollar.”

Airlines Collapse Accelerates, Italy Nationalizes Alitalia, American Airlines Shudder

The Italian government has moved to take control of national carrier Alitalia, which it had an existimg stake in. This follows talk of an AirFrance KLM bailout and warnings by Qantas, American Airlines and United Airlines among others.