Delta Air Lines, Inc.NYSE
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  • Tue, Dec. 6, 7:04 AM
    • Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), and Copa Holdings (NYSE:CPA) all submitted bids last week to partner with Avianca Holdings (NYSE:AVH), according to The New York Times.
    • The bid from Delta implied a $1.9B, while Copa's merger offered placed Avianca at closer than $2B.
    • A special committee formed by Avianca meets today to consider the offers.
    | Tue, Dec. 6, 7:04 AM | 13 Comments
  • Jul. 27, 2015, 7:58 AM
    • Delta Air Lines (NYSE:DAL) expands its existing partnership with China Eastern (NYSE:CEA) with a new agreement.
    • The two carriers will codeshare more flights on trans-Pacific flights and routes inside of China.
    • Delta will also invest $455M to take a 3.55% stake in China Eastern and nab an "observer" spot on the board.
    | Jul. 27, 2015, 7:58 AM | 1 Comment
  • Jun. 11, 2013, 4:21 AM

    The EU is reportedly expected to give unconditional approval to Delta Airlines' (DAL) $360M acquisition of a 49% stake in Virgin Atlantic. The deal would allow the carriers to offer more transatlantic flights from Heathrow Airport and thereby better compete with the dominant partnership made up of British Airways and American Airlines.

    | Jun. 11, 2013, 4:21 AM
  • Dec. 11, 2012, 5:57 AM
    Delta Air Lines (DAL) will reportedly pay $300-500M for Singapore Airlines' 49% stake in Virgin Atlantic, well below the £600M ($966M) that Singapore shelled out when it acquired the holding in 1999. Meanwhile, Richard Branson bets Willie Walsh £1M that the Virgin Atlantic brand will still exist in five years after the British Airways chief says it won't if Delta buys the stake. Walsh says he'd rather bet a knee in the groin.
    | Dec. 11, 2012, 5:57 AM | 1 Comment
  • Dec. 10, 2012, 6:15 AM

    Virgin Atlantic and Delta Air Lines (DAL) will reportedly form a code- and revenue-sharing agreement on transatlantic flights should the U.S. carrier buy Singapore Airlines' (SINGY.PK) 49% holding in the U.K. operator. Richard Branson isn't looking to sell any of his 51% stake in Virgin despite apparent interest from Air France-KLM (AFLYY.PK). (previous)

    | Dec. 10, 2012, 6:15 AM
  • Dec. 3, 2012, 2:53 AM

    Singapore Airlines confirms widespread reports that it's in talks to sell its 49% holding in Richard Branson's Virgin Atlantic, with those reports saying that a potential suitor is Delta Air Lines (DAL). The U.S. carrier has been looking to acquire a stake in Virgin for over two years as it looks to gain access to the latter's lucrative landing slots at Heathrow Airport. Delta could tie up with Air France-KLM to buy the holding.

    | Dec. 3, 2012, 2:53 AM
  • Jul. 10, 2012, 3:02 PM

    Airline stocks are on watch after the WSJ reports that American Airlines (AAMRQ.PK) plans to step up merger talks in the coming weeks and will initiate the process by sending non-disclosure agreements to select carriers and P-E firms. Delta Air Lines (DAL -3.5%) and United Continental (UAL -1.1%) are the companies considered to be in the hunt along with US Airways (LCC +2.1%).

    | Jul. 10, 2012, 3:02 PM | 24 Comments
  • Apr. 24, 2012, 8:22 AM

    Gol Linhas Aéreas (GOL), Brazil's second-largest airline, is in talks to sell an additional 17% stake to Delta Airlines (DAL) as it struggles with rising costs and a reduced ability to invest, according to a Brazilian newspaper. GOL +2.9% premarket.

    | Apr. 24, 2012, 8:22 AM
  • Apr. 16, 2012, 3:57 PM
    Delta (DAL) could be getting into the refining business as early as this week, according to a source, who says a deal for the airline's $100-125M purchase of Conoco's (COP) shuttered Philadelphia-area refinery may be imminent. Delta remains hopeful the buy can help it save a portion of the billions it spends on jet fuel each year.
    | Apr. 16, 2012, 3:57 PM | 18 Comments
  • Apr. 5, 2012, 1:04 PM

    If it's true that Delta (DAL) is interested in buying a refinery, it's "an amazing, and baffling, proposal," writes Robert Campbell on Reuters. Apart from Delta's management having no experience in a sector that suffers brutal competition and overcapacity, the move would actually increase the airline's oil price exposure.

    | Apr. 5, 2012, 1:04 PM
  • Mar. 13, 2012, 8:55 AM
    Though US Airways (LCC) appears to be ramping up for a merger with American Airlines with the purchase of domain names such as American-USAirways.com, AmericanUSAirways.net, USandAA.com, and OneworldOneairline.com, the carrier is also deploying a retrenching strategy on the East Coast by reducing its service to just shuttles to Boston and Washington, D.C. The move concedes the valuable New York LaGuardia market and makes Delta (DAL) more competitive with United Continental.
    | Mar. 13, 2012, 8:55 AM
  • Jan. 27, 2012, 5:53 PM
    Delta Air Lines (DAL) is weighing a possible acquisition of US Airways (LCC), WSJ reports, the latest twist in a swirl of deal talk in the industry that has included Delta and US Airways each assessing a move for AMR (AAMRQ.PK). LCC +7% AH.
    | Jan. 27, 2012, 5:53 PM | 1 Comment
  • Jan. 13, 2012, 11:05 AM
    Is Delta Air Lines (DAL -0.9%) just playing defense?: Industry analyst Jeff Straebler speculates that DAL may be dancing with American Airlines (AAMRQ) as a ploy to "disrupt" the carrier's journey through bankruptcy and make it harder for a rival to snap up assets.
    | Jan. 13, 2012, 11:05 AM | 1 Comment
  • Jan. 12, 2012, 2:24 PM
    A potential merger of Delta (DAL +3.5%) and AMR (AAMRQ +14.5%) might have trouble clearing foreign regulators, Deal Journal suggests. Delta would fold AMR into its SkyTeam grouping, killing the Oneworld alliance American leads with British Airways. Regulators granted antitrust immunity on transatlantic services to members of the three global alliances, and cutting the number to two likely would force a rethink.
    | Jan. 12, 2012, 2:24 PM | 2 Comments
  • Jan. 12, 2012, 12:50 PM

    The WSJ reports that Delta Air Lines (DAL +1.1%) is assessing a bid for American Airlines (AAMRQ) and has hired Blackstone as an advisor for the process.

    | Jan. 12, 2012, 12:50 PM
  • Oct. 4, 2011, 3:35 PM

    Could AMR's problems become US Airways' (LCC) salvation? US Airways CEO Doug Parker has long sought a merger with one of the Big Three carriers, and Ted Reed speculates that AMR's current plight would seem to lend itself to a renewed effort. "At this point, American's market cap is clearly a small enough number for a takeover bid," Avondale's Bob McAdoo muses.

    | Oct. 4, 2011, 3:35 PM