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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. United order boosts Embraer outlook despite profit miss

    Brazil's Embraer SA , the world's biggest maker of regional jets, said an order for at least 30 new planes from United Airlines on Monday raised the odds of greater ...

  2. Rush to help airlines, travelers could crack open U.S. budget door

    Congress got rid of a headache on Friday when it rescued the flying public from flight delays caused by its budget cutting. But in the view of many U.S. lawmakers, t...

  3. American Airlines Seeks $3.25 Billion in New Financing

    AMR Corp.'s (AAMRQ) American Airlines is leveraging the strength of its Latin American network with plans for a $3.25 billion financing secured by its routes and air...

  4. US Airways CEO hoping for furlough resolution soon

    US Airways Group Chairman and Chief Executive Doug Parker said he was hopeful government leaders would come to a solution that would halt the travel disruptions in w...

  5. Delta, US Air profits top Wall Street estimates

    Delta Air Lines and US Airways Group , aided by revenue gains, posted higher-than-expected first-quarter earnings on Tuesday, and their shares rose despite cautions ...

  6. Delta, US Air profits top estimates

    Delta Air Lines and US Airways Group posted higher-than-expected first quarter earnings on Tuesday driven by revenue gains and their shares rose despite cautions by ...

  7. US Airways Q1 Profit Falls, Revenue Rises

    US Airways on Tuesday reported first-quarter profit of $44 million, or 26 cents per share, down from a net profit of $48 million, or 28 cents per share, for the same...

  8. US Airways Posts Lower Quarterly Profit

    US Airways Group Inc reported a lower quarterly profit on Tuesday as expenses went up. Net income came to $44 million, or 26 cents a share, compared with $48 million...

  9. WEEK AHEAD: Tech, Energy, Defense to Report Earnings Next Week

    Next week brings a heavy calendar of quarterly results from some of the biggest tech and energy companies in the U.S. as earnings season heats up.Also, a first-quart...

  10. Without my Airline Credit Card, how do I Keep my Miles From Expiring?

    Dear Cashing In,I no longer have an AAdvantage credit card. How do I keep my American Airlines miles from expiring? -SylviaDear Sylvia,Like United, US Airways and Fr...

  11. American Airlines chief confident network outage won't recur

    American Airlines Chief Executive Thomas Horton said on Thursday the company "has a high degree of confidence" that Tuesday's computer network outage that led the ca...

  12. AMR Loss Narrows on Fewer Charges

    AMR Corp.'s (AAMRQ) first-quarter loss narrowed amid fewer reorganization-related charges, but excluding those expenses, merger-related charges and other items, the ...

  1. 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...

  2. US Airways plane makes unusual belly landing at Newark airport

    NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's...

  3. Two unions seek to combine in American, US Air merger

    Two unions that represent ground workers at American Airlines and US Airways Group said on Tuesday they would combine to become the bargaining agent for nearly 30,00...

  4. American Air, US Airways Take Steps Toward Worker Integration

    American Airlines is seeking bankruptcy-court approval for its plans to integrate its union workers with those of US Airways Group Inc. (LCC) upon the completion of ...

  5. 3.25 Billion in Loans for AMR OK'd to Fuel Bankruptcy Exit

    AMR Corp. (AAMRQ) on Thursday received a judge's approval of up to $3.25 billion in new financing secured by its Latin American assets, money the American Airlines p...

  6. Delta to restart dividend, launch share buyback program

    Delta Air Lines Inc plans to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyba...

  7. US Airways says April unit revenue down 4 percent

    US Airways Group on Friday said an important revenue measure fell in April, as it grappled with disruptions caused by furloughs of U.S. air traffic control staffers....

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