Delta Air Lines Inc. says its third-quarter profit nearly doubled mostly due to the increasing value of its fuel contracts. The Atlanta airline says it earned $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. Excluding one-time items, it earned $768 million or 90 cents — just shy of Wall Street expectations of 91 cents.
Delta Air Lines lost $168 million, or 20 cents per share, in the second quarter because bets on oil prices went the wrong way. The airline lost $561 million on wrong oil price bets that haven't settled yet.
The FBI is investigating after needles were found in turkey sandwiches on Delta Air Lines flights from Amsterdam to the United States. Delta says what appear to be sewing needles were found in five sandwiches Sunday.
A jet sustained significant damage when it rolled off a taxiway at the world's busiest airport in Atlanta Tuesday morning. Delta Air Lines spokesman Eric Torbenson told The Associated Press mechanics were testing the engines of the Boeing 737 when they experienced a problem with the braking system around 5 a.m.
Though some of these routes are federally subsidized, Delta not only will stop flights but also plans to retire the fleet of planes used for these cities. Four of the affected cities are in Alabama and Mississippi, with the remainder in the northern Midwest.
Gov. Nathan Deal has signed a hefty tax break for Delta Air Lines. The bill Deal signed into law on Wednesday will save the Georgia-based airline up to $30 million on jet fuel taxes over two years. Supporters say the state must work to keep Delta in the state because it brings in millions of dollars in economic development.