Trump, Delta Air Lines and Credit Card
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Delta is adding Boeing 787 Dreamliner to its fleet
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Delta finished the year strong, thanks to its decision to prioritize high-end customers on the top arm of the K-shaped economy.
During a recent interview, Delta Air Lines CEO Ed Bastian made it very clear that he believes such a move would actually hurt the very people that the plan would be designed to help. During an interview with reporters aboard Air Force One this week, Trump proposed the idea of a one-year cap on credit card interest rates at 10%.
Delta reported adjusted earnings per share of $1.55 on revenue of $14.6 billion in the fourth quarter. Analysts were expecting earnings of $1.53 per share on revenues of $14.7 billion in the fourth quarter, according to FactSet data.
Delta Air Lines is distributing $1.3 billion to employees in profit-sharing bonuses, with thousands of workers at MSP airport getting a share.
Delta Airlines is expected to stay at the Greater Binghamton Airport following an announcement from Senator Chuck Schumer's Office.
The company also said it had agreed to buy 30 new Boeing 787-10 aircraft and retained an option to buy another 30. The new planes are expected to begin their arrival with Delta in 2031.
Delta Air Lines seems to be on the verge of taking the "basic economy" concept and adapting it for its high-end cabins.
Delta Air Lines said it was expecting profits to rise by around 20 percent in 2026 thanks to strong demand for premium tickets.