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Delta Air Lines’s ticket sales improve, reinstates initial Q3 revenue view

Published

3 years ago

October 3, 2021

Delta Air Lines said on Sunday that its ticket sales had stabilized and started to improve, putting it on course to deliver third-quarter revenue within its original forecast for a 30%-35% drop versus corresponding 2019 levels.

This is an improvement from its projection last month when it adjusted the forecast to the lower end of that range after a resurgence in COVID-19 cases. The airline is due to report results for the quarter through September on Oct. 13.

“For Delta, they bottomed out in the later part of August and the first part of September,” Chief Executive ED Bastian told reporters on the sidelines of a meeting of airlines group IATA. “Business traffic is growing back in the U.S.”

Domestic travel bookings are expected to surpass 2019 levels next year, Bastian added.

Later, the airline said it would boost its capacity by more than 20% next summer over the 2019 peak by increasing service from Boston.

The company is also seeing a surge in demand for trans-Atlantic flights after the White House’s decision late last month to reopen the country to fully vaccinated travelers from around the world.

Trans-Atlantic flights accounted for 11% to 17% of 2019 passenger revenues for the big three air carriers – American Airlines, United Airlines and Delta.

On Delta’s staff vaccination rate, Bastian said it had gone up to 84%, driven, in part, by the company’s decision to impose a $200 monthly health insurance surcharge for those who had not been vaccinated. He expects the rate to be above 90% by Nov. 1.

Delta, however, is the only major U.S. airline that has still not mandated coronavirus vaccines for employees despite the pressure from the White House.

Bastian said the company has not decided whether to mandate COVID-19 vaccines.

“We’re obviously studying it,” he said, referring to President Joe Biden’s executive order requiring federal contractors to mandate vaccinations.

“I’m not sure how far you need to go in order to be in compliance with the EO (executive order).”

The White House is pressing major U.S. airlines to mandate COVID-19 vaccines for employees by Dec. 8 – the deadline for federal contractors. Large U.S. airlines have a number of federal contracts.

(Reporting by Rajesh Kumar Singh; Editing by Himani Sarkar)

News

End of Manitoba legislature session includes replacement-worker ban, machete rules

Published

12 hours ago

November 7, 2024

Anne Joseph

WINNIPEG – Manitoba politicians are expected to pass several bills into law before the likely end of legislature session this evening.

The NDP government, with a solid majority of seats, is getting its omnibus budget bill through.

It enacts tax changes outlined in the spring budget, but also includes unrelated items, such as a ban on replacement workers during labour disputes.

The bill would also make it easier for workers to unionize, and would boost rebates for political campaign expenses.

Another bill expected to pass this evening would place new restrictions on the sale of machetes, in an attempt to crack down on crime.

Among the bills that are not expected to pass this session is one making it harder for landlords to raise rents above the inflation rate.

This report by The Canadian Press was first published Nov. 7, 2024

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Father charged with second-degree murder in infant’s death: police

Published

12 hours ago

November 7, 2024

Anne Joseph

A Richmond Hill, Ont., man has been charged with second-degree murder in the death of his seven-week-old infant earlier this year.

York Regional Police say they were contacted by the York Children’s Aid Society about a child who had been taken to a hospital in Toronto on Jan. 15.

They say the baby had “significant injuries” that could not be explained by the parents.

The infant died three days later.

Police say the baby’s father, 30, was charged with second-degree murder on Oct. 23.

Anyone with more information on the case is urged to contact investigators.

This report by The Canadian Press was first published Nov. 7, 2024.

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Ontario fast-tracking several bills with little or no debate

Published

12 hours ago

November 7, 2024

Anne Joseph

TORONTO – Ontario is pushing through several bills with little or no debate, which the government house leader says is due to a short legislative sitting.

The government has significantly reduced debate and committee time on the proposed law that would force municipalities to seek permission to install bike lanes when they would remove a car lane.

It also passed the fall economic statement that contains legislation to send out $200 cheques to taxpayers with reduced debating time.

The province tabled a bill Wednesday afternoon that would extend the per-vote subsidy program, which funnels money to political parties, until 2027.

That bill passed third reading Thursday morning with no debate and is awaiting royal assent.

Government House Leader Steve Clark did not answer a question about whether the province is speeding up passage of the bills in order to have an election in the spring, which Premier Doug Ford has not ruled out.

This report by The Canadian Press was first published Nov. 7, 2024.

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