Arab Today, arab today delta to cancel 60 plane orders with boeing embraer
Last Updated : GMT 06:00:14
Arab Today, arab today
Arab Today, arab today

Delta to cancel 60 plane orders with Boeing, Embraer

Arab Today, arab today

Arab Today, arab today Delta to cancel 60 plane orders with Boeing, Embraer

Delta Air Lines
New York - AFP

Delta Air Lines plans to cancel orders for 60 new planes after company pilots last week voted down a new three-year labor contract, the company's chief executive said Wednesday.

"Those orders will be canceled," said Delta chief executive Richard Anderson in response to a question on a conference call on the US carrier's second-quarter results.

Delta's move affects 40 Boeing 737-900 planes and 20 Embraer E-190 aircraft worth an estimated $4 billion based on the list price of the planes.

The decision to cancel the jets comes as some financial analysts have warned that plans by airlines to boost seat capacity could push the airline profitability lower.

On Friday, Delta pilots rejected a three-year contract by nearly two-to-one due to unhappiness with a proposed profit-sharing plan.

Delta reported second-quarter earnings of $1.5 billion, up 85.4 percent from the year-ago period in results boosted by a huge drop in fuel costs.

However, Delta also projected that the ratio of revenue to each seat mile flown, a key industry benchmark, would drop 4.5-6.5 percent in the third quarter.

The drop comes as carriers contend with tough pressure on airplane ticket prices due to additional seat capacity.

In midday trade, Delta shares were up 1.5 percent to $44.33.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today delta to cancel 60 plane orders with boeing embraer Arab Today, arab today delta to cancel 60 plane orders with boeing embraer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today delta to cancel 60 plane orders with boeing embraer Arab Today, arab today delta to cancel 60 plane orders with boeing embraer

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday