Company Watch - Delta Air Lines.May 7, 2007 Pinnacle Airlines 9e redirects here. For the arrondissement in Paris, see IXe arrondissement. Pinnacle Airlines (NASDAQ: PNCL) (formerly Express Airlines I) is an American regional airline based in Memphis, Tennessee, USA, operating all of its flights under the name signed a 10-year capacity purchase agreement with Delta Air Lines to operate 16 Bombardier CRJ CRJ redirects here. For other meanings of CRJ see CRJ (disambiguation) The Bombardier CRJ (Canadair Regional Jet) is a family of regional airliners manufactured by Bombardier, and based on the Canadair Challenger business jet. 900s as Delta Connection. Pinnacle will acquire and finance the 76-seat aircraft, to be delivered November 2007-July 2008, and begin flying for Delta in December. "We are excited about this opportunity to join the Delta family," President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Phil Trenary said. "We look forward to a long-term partnership with Delta and we appreciate the confidence they have placed with us." The deal is good news for Pinnacle, which last week lost 17 Northwest Airlink CRJs to Northwest subsidiary Mesaba Airlines Mesaba Airlines is an American regional airline based in Eagan, Minnesota. The airline operates under Mesaba Aviation, Inc. a wholly owned subsidiary of Northwest Airlines. All of its flights are operated under the name Northwest Airlink for Northwest Airlines. . May 1, 2007 New Delta shares start trading Delta Air Lines' new shares started trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. today. The airline emerged from bankruptcy protection earlier this week. Delta CEO Gerald Grinstein Gerald Grinstein is the former CEO of Delta Air Lines, Inc. of Atlanta, Georgia, the world's second largest airline. Grinstein came to the position in 2004, after CEO Leo F. this morning pushed an electronic button in Atlanta to signal the start of trading at the exchange. May 4, 2007 Delta says new accounting will reduce profit: Fresh-start accounting will reduce Delta Air Lines' annual pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern profit by $145 million, the airline said . May 4, 2007 Delta Shares Rise On Stock Market Return Delta Air Lines shares rose 7 percent in the carrier's return to Wall Street on Thursday after emerging from bankruptcy following a USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3 billion restructuring, but the stock pared back most of its gains. May 3, 2007 Delta launches comeback ad campaign Delta Air Lines this week will launch a campaign aimed at restoring public confidence in its brand as it emerges from federal bankruptcy protection. The airline has hired Shepardson Stern & Kaminsky, which has done work for political candidates and for major companies. The new campaign, which features Delta's redesigned logo, promises that the carrier will continue to adapt to the needs of travelers. May 2, 2007 Delta sets sights on thriving globally: Now that it has left bankruptcy protection, Delta Air Lines hopes to thrive as a global carrier, executives say. In the next two months, Delta will launch service to 13 international destinations. It will also transfer some widebody aircraft to international routes from domestic routes. May 2, 2007 Delta employees receive lump-sum payments. About 40,000 Delta Air Lines employees received lump-sum payouts on Tuesday. The distribution was equal to 8% of the workers' earnings in 2006. Delta emerged from bankruptcy protection on Monday. Later this week, non-contract and management employees will receive equity payouts in the form of new shares in the company. May 2, 2007 Delta Air Lines said its April traffic grew 4.2 percent, as strong international growth on increased capacity offset a slight domestic decline. Overall traffic rose to 9.82 billion revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles. from 9.42 billion in April of last year. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile. May 2, 2007 Delta Air Lines Inc. late Wednesday said that traffic in April rose 4.2% while capacity fell 0.7%. Load factor, or the percentage of the plane filled with passengers, increased 3.9 percentage points to 81.5%, the Atlanta-based carrier said. May 2, 2007 Delta Air Lines today kicks off another wave of expansion for international customers with the start of new nonstop HP's brand name for its fault-tolerant servers, which range in size from four CPUs to 4,000 CPUs. The NonStop line was created by Tandem Computers, which was acquired by Compaq, which later became part of HP. flights between the world's largest airline hub An airline hub is an airport that an airline uses as a transfer point to get passengers to their intended destination. It is part of a hub and spoke model, where travelers moving between airports not served by direct flights change planes en route to their destinations. in Atlanta and Prague, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . The flight is the first of 14 new international routes planned between now and June. May 2, 2007 Delta Air Lines will operate six-times-weekly New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of JFK-Montego Bay flights from June 9 aboard 737-800s. Delta Connection carrier Freedom Airlines will launch daily Orlando International-Fort Walton Beach flights on May 3 and twice-daily Tampa-Key West service on May 5. Apr 30, 2007 Delta Air Lines on Monday emerged from bankruptcy protection, and executives said the carrier is now in a better position to compete in the marketplace. "Through our restructuring, we have successfully repaired our balance sheet, improved the customer experience, expanded our international route system and built a platform for future success," CEO Gerald Grinstein said. The company has reduced its labor and pension costs, achieving annual cost savings of $3 billion. Apr 30, 2007 Delta Air Lines hopes to start serving London's Heathrow Airport after the new open-skies agreement takes effect on May 30, 2008. Glen Hauenstein, Delta's chief of network planning, notes that 35% of business travel in Europe begins and ends at Heathrow. "Certainly being locked out of that very lucrative, very exclusive club has been a big detriment to Delta," he says. Apr 30, 2007 Delta to search for new CEO, give planes new logo paint job on one of its Boeing 757-200. Now that it has left bankruptcy protection, the board of Delta Air Lines must select a new chief executive to replace current CEO Gerald Grinstein. Grinstein, who guided Delta out of bankruptcy and helped fend off a bid by US Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. , plans to step down. Delta also says it will paint its fleet with its red logo flying across a blue background on the tail of the aircraft. May 1, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Apr 30, 2007 |
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