Delta Air Lines Names Ed Bastian New CEO

Delta Air Lines Inc. said Wednesday Chief Executive Richard H. Anderson is retiring effective May 2, and becoming executive chairman of the airline's board of directors. Ed Bastian, Delta's president, will be appointed CEO on the same date, with Glen Hauenstein, executive vice president, becoming Delta's president, also effective May 2. Delta shares fell 0.7% in late trading Wednesday after ending the regular trading session up 0.4%.