Delta and LATAM have received regulatory approval for their trans-American joint venture from Brazil’s competition authority, the Administrative Council for Economic Defense.
Delta has said it will borrow $6.5 billion in fresh liquidity. The airline plans to sell senior secured notes and enter into a new term loan, both backed by its loyalty program.
Delta has confirmed passengers can expect more trans-Atlantic and trans-Pacific flights to business and leisure destinations this winter and into summer 2021.
Two months after Delta Air Lines resumed flights between London and Atlanta, the carrier has restarted a daily service on the London Heathrow to New York-JFK route.
“Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery,” Delta chief executive Ed Bastian explained.
Delta Air Lines is planning to resume operations from London Heathrow Airport to the United States this weekend. The airline will fly three times a week to Detroit Metropolitan Airport, with departures on Wednesdays, Fridays and Sundays.
Delta has unveiled plans to retire its 18 widebody Boeing 777s by the end of 2020 as a result of the Covid-19 pandemic. The retirement will accelerate a strategy to simplify and modernise the Delta fleet.
Delta Air Lines has reported a pre-tax loss of $607 million, or $0.84 per share, for the first quarter of 2020. The figure compares to a profit of $946 million for the same period last year.
LATAM Airlines Group has signed a loyalty program agreement with Delta that will enable reciprocal frequent flyer benefits. The deal will come into effect on April 1st.
Virgin Atlantic, Delta, Air France and KLM have launched a new expanded joint venture. The deal is designed to offer a greater choice of routes and loyalty options when travelling between Europe, the United Kingdom and North America.
Delta Air Lines has reported total revenue of $47 billion for financial 2019, up 7.5 per cent over 2018. The American carrier said it had secured adjusted earnings per share of $7.31, a 30 per cent increase year-over-year.
Delta Air Lines is transforming its popular Fly Delta app into a digital concierge that anticipates customer needs. The American carrier seeks to offer convenient services, like a ride to the airport, and deliver thoughtful notifications, keeping customers moving seamlessly on their journey.