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Delta will wait for new planes to mature: CEO

Delta Air Lines is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on Wednesday.While other airlines have ordered more than 3,000 of the next generation narrow-body models, the Boeing 737 MAX and the Airbus A320neo, Delta says it is playing it safe."We'd rather get toward the end of a production line" and buy the jet after it has the kinks worked out and has been lengthened to hold more passengers, Chief Executive Officer Richard Anderson said in an interview at Reuters' New York headquarters.The economics of stretched planes, he said, "are always better than the original economics."Delta stands out its willingness to take a different tack than its rivals. On Friday, it will unveil a $1.2 billion overhaul and expansion of its passenger hub at New York's John F. Kennedy Airport that, along with new interiors on older jets, will make its offering more competitive in that key mar...

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  1. Boeing Plans to Return 80% of Free Cash to Shareholders

    Boeing Co (NYSE:BA) said on Wednesday that it plans to return about 80% of its free cash flow to shareholders through dividends and share buy-backs.Speaking at an in...

  2. Boeing plans to return 80 percent of free cash to shareholders

    Boeing Co said on Wednesday that it plans to return about 80 percent of its free cash flow to shareholders through dividends and share buy-backs.Speaking at an inves...

  3. Boeing CEO McNerney says interest in 777X is high

    Boeing Co Chief Executive Officer Jim McNerney said on Wednesday that customer interest in the 777X wide-body airplane is "high and still growing," and that he expec...

  4. United Airlines to return all Boeing 787s to service this week

    United Airlines said on Monday it expects to have its entire fleet of Boeing 787 Dreamliners back in service this week, as the airline's first flight with the new je...

  5. United Airlines' Boeing 787 Lands in Chicago After First Revenue Flight Following Grounding

    United Continental Holdings Inc. (UAL) completed its first flight of a Boeing Co. (BA) 787 Dreamliner with paying passengers since the planes were grounded in Januar...

  6. Aviation Industry to Government: Cut the Red Tape

    Leaders of the multibillion-dollar global business aviation industry see signs of recovery from four years of recession, they said on Monday, but they appealed to go...

  7. Ryanair Forecasts 2014 Growth

    Ryanair Holdings PLC posted a rise in both profit and revenue for the year and forecast further growth in 2014 as it continued to open new bases and routes and take ...

  8. Latam Airlines to Resume Operating Boeing 787s in 'Coming Days'

    Latam Airlines Group SA (LFL, LAN.SN) will resume operations of its Boeing Co. (BA) 787 Dreamliners in "coming days," the Chilean holding company said in a statement...

  9. Dimon Played Role Over Who Serves on JPMorgan Board

    For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. b...

  10. GE, Boeing alert airlines about potential 777 engine problem

    General Electric and Boeing Co said on Wednesday they had alerted airlines about potential problems with some engines on Boeing's long-range 777 jumbo jet.Boeing sai...

  11. Latam Airlines Aims to Launch $1 Billion Capital Increase by October

    Latam Airlines Group SA (LFL, LAN.SN) is aiming to launch its $1 billion capital increase by October, an executive at the Chilean holding company said Wednesday.Lati...

  12. Southwest Air boosts dividend, revises plane deliveries

    Southwest Airlines Co on Wednesday announced a boost in its dividend and its share repurchase program and said it is changing some plane orders and deliveries.The di...

  1. Delta Airlines wants to stop Ex-Im help on big jets

    Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo ...

  2. Delta will wait for new planes to prove themselves: CEO

    U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before orderi...

  3. Delta Airlines wants to stop Ex-Im bank help on big jets

    Delta Air Lines wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such...

  4. Boeing CEO says interest in 777X is high

    Boeing Co Chief Executive Jim McNerney said on Wednesday customer interest in the 777X wide-body airplane is "high and still growing," and he expects to formally lau...

  5. Boeing Expects 787 Battery Retrofits Done by Next Week

    Boeing Co is 90% finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's ...

  6. Boeing says 787 battery retrofits to be done by next week

    Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the com...

  7. Boeing defense chief sees rising R&D, margins

    Boeing Co's defense division expects to continue growing its research and development spending and operating margins in coming years, regardless of what happens with...

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