The Latest Breaking News from Ed Bastian

Delta CEO Ed Bastian admitted that the airline "probably went too far" in cracking down on its loyalty program.

Delta Air Lines CEO, Ed Bastian, admitted the company's changes to Sky Miles and American Express card holder benefits had gone "too far."

"New work patterns mean that people are traveling who in the past couldn’t because they were in an office Monday through Friday."

The International Air Transport Association (IATA) raised its global airline profit outlook to $9.8 billion by year-end, more than double the previous forecast of $4.7 billion. No wonder then that the The MSCI All World Stock Index for airlines is at the highest level since June 2021, up about 20%…

Delta triggered an early airline stock rally Thursday after topping earnings estimates.

"Consumer demand for air travel remains robust," said Delta CEO Ed Bastian.

Delta Air Lines is focusing on millennials and gen z travelers for future growth, and counting on wealthy baby boomers to pay for expensive premium tickets.

Atlanta-based Delta Air Lines announced it will pay a quarterly dividend of 10 cents per share to stock owners, its first such payment since it suspended dividends at the start of the COVID-19 pandemic in March 2020.

The company has some important news for investors as the airline industry recovers from the pandemic.