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Wheels Up (WUP), based in Teterboro, New Jersey, has announced an ambitious fleet modernization strategy aimed at enhancing its service offerings in the private aviation sector. The initiative involves transitioning [...]

Wheels Up, the on-demand aviation operator based in Teterboro, faced operational challenges in the third quarter of 2023, with a decline in active users, a reduction in operated flights, and [...]

Citi analyst Stephen Trent raised the firm's price target on Delta Air Lines to $67 from $65 and keeps a Buy rating on the shares. In light of Delta's 2023 [...]

Consensus $6.15. Backs FY23 revenue view up 17%-20%, consensus $54.11B. Sees FY23 free cash flow $3B. Sees FY23 operating margin greater than [...]

Jefferies raised the firm's price target on Delta Air Lines to $60 from $50 and keeps a Buy rating on the shares. Q2 results from the airlines will point to [...]

Citi raised the firm's price target on Delta Air Lines to $65 from $61 and keeps a Buy rating on the shares. The firm's edged down its full-year earnings estimates, [...]

Deutsche Bank analyst Michael Linenberg raised the firm's price target on Delta Air Lines to $58 from $47 and keeps a Buy rating on the shares. At the investor day, [...]

BofA analyst Andrew Didora raised the firm's price target on Delta Air Lines (DAL) to $50 from $48 and keeps a Buy rating on the shares. The firm is raising [...]

TD Cowen analyst Helane Becker raised the firm's price target on Delta Air Lines to $60 from $54 and keeps an Outperform rating on the shares. TD Cowen came away [...]

The Seattle Seahawks are partnering with Delta Air Lines to donate the savings from a less expensive airport handling arrangement to the Breast Cancer Research Foundation, one of Delta's long-time [...]

At the start of Breast Cancer Awareness Month, Delta Air Lines is raising funds for the Breast Cancer Research Foundation, which has received $24 million since the partnership began in [...]

Byline: Jon Hemmerdinger US airlines plan to hike fares and restrain capacity in the coming months, an effort to offset increasing fuel expenses with more revenue. US airlines plan to [...]

The US Bankruptcy Court in New York has confirmed the joint restructuring plan for the exit from Chapter 11 of Grupo Aeroméxico and its subsidiaries, after the company struck a [...]

The LATAM Airlines Group has reached an agreement with certain creditors and shareholders to support its reorganisation plan within US Chapter 11 bankruptcy law, but Chilean creditors are up in [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2021 M2 COMMUNICATIONS Grupo Aeroméxico, S.A.B. de C.V. (BMV: AEROMEX), in relation to the company's Chapter 11 voluntary financial restructuring process, has received approval from the Bankruptcy Court [...]

Grupo Aeroméxico has asked the US bankruptcy court in New York to extend until December 30 the exclusivity period during which it may file its final restructuring plan and to [...]

A total of USD1.3 billion is to be raised by various financing parties to enable Grupo Aeroméxico to exit US Chapter 11 bankruptcy protection, according to a motion and notice [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2021 M2 COMMUNICATIONS Grupo Aeroméxico, S.A.B. de C.V. (BMV: AEROMEX) has announced it has received a joint proposal from its lenders under the Tranche 2 of the company's [...]

Generated $151M of operating cash flow and invested $619M back in the business during [...]

Generated $1.9B of operating cash flow, $1.5B of free cash flow and $195M of free cash flow, adjusted in the June [...]

Delta Air Lines (DL, Atlanta Hartsfield Jackson) has announced its intention to exercise an option to buy USD185 million of the credit rights in the second tranche of the debtor-in-possession [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2021 M2 COMMUNICATIONS Grupo Aeroméxico, S.A.B. de C.V. (BMV: AEROMEX) has reported Delta Air Lines, Inc. has provided notice to the company's board of directors informing that Delta [...]

Delta Air Lines employees and customers recently raised $1 million for the Breast Cancer Research Foundation in 2020. Allison Ausband, senior vice president of in-flight service, highlighted the contributions of [...]

Delta Air Lines saw its first month of positive cash flow since the start of the pandemic in March as passenger bookings for future trips increased and cargo revenue rose. [...]

Delta Air Lines (DL, Atlanta Hartsfield Jackson) raised at least USD9 billion in what is reported to be the largest ever debt deal for a commercial airliner. The financing transaction [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2020 M2 COMMUNICATIONS Delta Air Lines (NYSE:DAL) has announced that, in partnership with its indirect wholly owned subsidiary, SkyMiles IP Ltd., it has upsized and priced of the [...]

Delta Air Lines DAL.N said on Thursday it is raising $9 billion, $2.5 billion more than its previous estimates, through new bonds and loans backed by its SkyMiles loyalty program, [...]

In a regulatory filing, Delta announced it is planning a private offering of senior secured notes in one or more tranches by Delta and SkyMiles IP Ltd., a newly formed [...]

Delta Air Lines said it will raise $6.5 billion by mortgaging its SkyMiles frequent flyer program. The airline will spin the program off into a separate holding company for the [...]

Byline: Graham Dunn Virgin Atlantic's recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan. Virgin Atlantic's recapitalisation efforts have been boosted after creditors voted in [...]

Delta Air Lines (DAL) is expected to issue new debt backed by its frequent-flyer program, Gillian Tan and Claire Boston of Bloomberg reported, citing people with knowledge of the matter. [...]

Richard Branson's Virgin Atlantic airline filed for bankruptcy in New York on August 4, 2020. It is the second Virgin Group airline to file for bankruptcy protection. Virgin Australia suffered [...]

Richard Branson's Virgin Atlantic airline filed for bankruptcy in New York on August 4, 2020. It is the second Virgin Group airline to file for bankruptcy protection. Virgin Australia suffered [...]

Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection, which enables a foreign debtor to shield assets in the country, Reuters' David Shepardson and Kate Holton report, citing a [...]

Byline: Graham Dunn Virgin Atlantic has finalised a [pounds sterling]1.2 billion refinancing package over the next 18 months. Virgin Atlantic has finalised a [pounds sterling]1.2 billion ($1.5 billion) refinancing package [...]

Delta ended the June quarter with $15.7 billion in liquidity. Cash used in operations during the quarter was $290 million. Daily cash burn averaged $43 million for the quarter with [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2020 M2 COMMUNICATIONS Mitsubishi UFJ Financial Group (MUFG) has announced it provided financing for aircraft for BBAM Aircraft Leasing and Management that are on long-term leases to Delta [...]

American Airlines plans to raise $3.5 billion in new financing, validating Warren Buffett's sale of his stakes in the 'big four' US airlines in April. American said on Monday that [...]

Delta said in a regulatory filing: 'We are seeking to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity under our revolving credit facilities as of December [...]

LATAM Airlines Group and select of its entities in Chile, Colombia, Ecuador, Peru, and the United States have filed for Chapter 11 financial reorganisation in the United States Bankruptcy Court [...]

The US Department of Treasury has published an updated list of payments allocated to American carriers under the Payroll Support Program (PSP), distributing the bulk of its USD25 billion budget [...]

Reuters (https://www.businessinsider.com/category/airlines?utm_source=partner&utm_medium=newstex&utm_term=original&utm_campaign=partner) Airlines are scrambling to raise cash amid the (https://www.businessinsider.com/category/coronavirus?utm_source=partner&utm_medium=newstex&utm_term=original&utm_campaign=partner) coronavirus crisis, mortgaging airplanes, parts, and other equipment to secure billions of dollars in loans. However, (https://www.businessinsider.com/category/delta-air-lines?utm_source=partner&utm_medium=newstex&utm_term=original&utm_campaign=partner) Delta, (https://www.businessinsider.com/category/american-airlines?utm_source=partner&utm_medium=newstex&utm_term=original&utm_campaign=partner) [...]

To boost its cash position during the coronavirus crisis, Delta Air Lines (DL, Atlanta Hartsfield Jackson) has entered into a USD2.6 billion secured credit facility and has drawn down USD3 [...]

Delta Air lines is in discussions to raise up to $4B in new debt amid a wider dash for cash by airlines and other companies hit by the COVID-19 pandemic, [...]

Delta Air lines is in discussions to raise up to $4B in new debt amid a wider dash for cash by airlines and other companies hit by the COVID-19 pandemic, [...]