Latest Ed Bastian News

After wave of cancellations, Delta sees recovery in 2022

Jan. 13, 2022 12:55 PM EST

Delta Air Lines lost $408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted Thursday that it will suffer one more quarterly loss before travel perks up in spring and summer. CEO Ed Bastian said 8,000...

Flight cancellations snarl holiday plans for thousands

Dec. 25, 2021 23:58 PM EST

NEW YORK (AP) — Airlines continued to cancel hundreds of flights Saturday because of staffing issues tied to COVID-19, disrupting holiday celebrations during one of the busiest travel times of the year. FlightAware, a flight-tracking website, noted nearly 1,000 canceled flights...

Airlines cancel flights due to COVID staffing shortages

Dec. 24, 2021 17:18 PM EST

NEW YORK (AP) — Airlines canceled hundreds of flights as the omicron variant jumbled schedules and drew down staffing levels at some carriers during the busy holiday travel season. Delta Air Lines and United Airlines together canceled more than 600 flights on Friday and Saturday....

Omicron is latest blow to pandemic-weary front-line workers

Dec. 24, 2021 07:35 AM EST

BOSTON (AP) — Staff absences for COVID-19 tripled this month in London’s hospitals, and nearly 10% of the city’s firefighters called out sick. In New York, about 2,700 police officers were absent earlier this week — twice the number who are ill on an average day. And on Cape...

Virgin Atlantic gets another cash injection through pandemic

Dec. 13, 2021 15:37 PM EST

LONDON (AP) — Virgin Atlantic has received 400 million pounds ($530 million) of new funding from its shareholders to help the airline ride out the coronavirus pandemic. In a statement Monday, the company said its shareholders, Richard Branson's Virgin Group and Atlanta-based Delta...

Energy prices lift oil and gas stocks, weigh on the economy

Oct. 28, 2021 10:51 AM EDT

Energy prices are soaring in 2021 and oil and gas stocks are the clear winners, but the losers might just turn out to be businesses and consumers. The energy sector has far outpaced the broader market in 2021. The S&P 500’s energy stocks are up more than 50%,...