MENU
SEARCHATLANTA --- Delta Air Lines Inc., the nation's third-largest airline, is now operating under Chapter 11 protection after $10 billion in losses since 2001 and little in available cash reserves.
ATLANTA --- Delta Air Lines Inc., the nation’s third-largest airline, is now operating under Chapter 11 protection after $10 billion in losses since 2001 and little in available cash reserves, according to the Dallas Business Journal.
Delta is third of the large airlines to file for bankruptcy in recent years, after United Air Lines Inc. fell into the red in 2002 and US Airways Group Inc. did the same in August 2005.
Though the recent turn of events has meant a huge cut in jobs for Delta employees, airport officials at Delta hubs such as Cincinnati are counting on travel to remain steady, the Kentucky Post reported.
Delta did "de-hub" from the Dallas/Fort Worth International Airport.
Airport and government officials in the metropolitan Atlanta area, where Delta is headquartered, are scrambling to save jobs and aid the airline, which has been a large contributor to the Atlanta economy, the Business Journal reported
LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
Read More →
The integrated business model combines each operator’s local expertise with international standards to boost sales.
Read More →
The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
Read More →
