Latest Ed Bastian News
After wave of cancellations, Delta sees recovery in 2022
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
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
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
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
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
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%,...
