U.S. airlines are poised to go on an international offensive following mergers and job cuts that have delivered leaner companies better able to compete with rivals from Asia and the Middle East, industry group IATA predicts.
Delta Air Lines Inc. executives said they are optimistic about inclusion in the Standard & Poor’s 500 Index, the benchmark gauge for U.S. equities, as they improve the carrier’s credit profile so it approaches investment grade.
Delta Air Lines Inc. plans to return $1 billion to investors by repurchasing stock and restarting its dividend after a decade-long break punctuated by bankruptcy and the biggest acquisition in its history.
Doug Parker, returning to the carrier where he began his career, has a vision: He sees American Airlines vaulting to the top of the industry’s major financial benchmarks just three years after the merger he orchestrated with US Airways Group Inc.
Northwest Airlines LLC has agreed to plead guilty and to pay a $38 million criminal fine for its role, through Northwest Airlines Cargo, in a conspiracy to fix prices in the air transportation industry, the U.S. Department of Justice said today in an e-mailed statement.