Delta earnings up 51 percent but fewer flights, higher fares ahead - Bring Me The News

Delta earnings up 51 percent but fewer flights, higher fares ahead

The airline says higher fares are the only way to keep up with rising fuel costs. Delta spent $1 billion more on fuel in this year's third quarter than last year's.
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The airline says higher fares are the only way to keep up with rising fuel costs. Delta spent $1 billion more on fuel in this year's third quarter than last year's.

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Higher fares help Delta beat profit predictions

Bloomberg reports the airline's fourth-quarter profits have more than doubled after the company boosted fares to offset higher oil costs. "The industry has proven that they can be profitable at $100-a-barrel oil," said one analyst.

Twin Cities not only Delta hub facing job cuts, higher air fares

Delta Airlines' primary headquarters and hub in Atlanta is flourishing. Not so at other hub cities. Since Delta absorbed Northwest Airlines, the Twin Cities area has lost 3,000 jobs associated with the carrier. In Memphis the number of flights has been nearly halved, pushing up air fares to the second highest in the nation. Behind Cincinnati. Which is also a Delta hub.

Fewer travelers take off from MSP

Minneapolis-St. Paul International Airport numbers in May showed fewer people flying, the Star Tribune reports, and the newspaper suggests that firms and tourists remain cautious amid higher fuel costs and fares.

Fares out of MSP expected to rise

There's no airfare relief in sight for passengers flying out of Minneapolis-St. Paul International Airport, the Star Tribune reports. Tickets for flights out of the Delta-dominated hub are likely to rise 5.4 percent to 7.9 percent next year, according to the 2013 travel-price forecast released Monday by Carlson Wagonlit Travel.

Delta Air Lines' on-time flight rate improves

The government says Delta Air Lines Inc. continues to improve its customer service and on-time statistics. Delta's flights were on time 87.3 percent of the time in the first quarter, good for third-best out of the 18 major carriers, according to a report released Tuesday by the U.S. Department of Transportation.