Delta Air Lines

#621

Rank

$29.88B

MarketCap US

US United States

Country

Summary

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.


History

The history of Delta Air Lines begins with the world's first aerial crop dusting operation called Huff Daland Dusters, Inc. The company was founded on March 2, 1925, in Macon, Georgia, before moving to Monroe, Louisiana, in summer 1925. It flew a Huff-Daland Duster, the first true crop duster, designed to combat the boll weevil infestation of cotton crops. C.E. Woolman, general manager and later Delta's first CEO, led a group of local investors to acquire the company's assets. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region.Passenger operations began on June 17, 1929, from Dallas, Texas, to Jackson, Mississippi, with stops at Shreveport and Monroe, Louisiana. By June 1930, service had extended east to Atlanta and west to Fort Worth, Texas. Passenger service ceased in October 1930 when the airmail contract for the route Delta had pioneered was awarded to another airline, which purchased the assets of Delta Air Service. Local banker Travis Oliver, acting as a trustee, C.E. Woolman, and other local investors purchased back the crop-dusting assets of Delta Air Service and incorporated as Delta Air Corporation on December 31, 1930.

Delta Air Corporation secured an air mail contract in 1934, and began doing business as Delta Air Lines over Mail Route 24, stretching from Fort Worth, Texas, to Charleston, South Carolina. Delta moved its headquarters from Monroe, Louisiana, to its current location in Atlanta in 1941. The company name officially became Delta Air Lines in 1945. In 1946, the company commenced regularly scheduled freight transport. In 1949, the company launched the first discounted fares between Chicago and Miami. In 1953, the company launched its first international routes after the acquisition of Chicago and Southern Air Lines. In 1959, it was the first airline to fly the Douglas DC-8. In 1960, it was the first airline to fly Convair 880 jets. In 1964, it launched the Deltamatic reservation systems using computers in the IBM 7070 series. In 1965, Delta was the first airline to fly the McDonnell Douglas DC-9.

By 1970, Delta had an all-jet fleet, and in 1972 it acquired Northeast Airlines. Trans-Atlantic service began in 1978 with the first nonstop flights from Atlanta to London. In 1981, Delta launched a frequent-flyer program. In 1987, it acquired Western Airlines, and that same year Delta began trans-Pacific service . In 1990, Delta was the first airline in the United States to fly McDonnell Douglas MD-11 jets. In 1991, it acquired substantially all of Pan Am's trans-Atlantic routes and the Pan Am Shuttle, rebranded as the Delta Shuttle. Delta was now the leading airline across the Atlantic.In 1997, Delta was the first airline to board more than 100 million passengers in a calendar year. Also that year, Delta began an expansion of its international routes into Latin America. In 2003, the company launched Song, a low-cost carrier.

On September 14, 2005, the company filed for bankruptcy, citing rising fuel costs. It emerged from bankruptcy in April 2007 after fending off a hostile takeover from US Airways and its shares were re-listed on the New York Stock Exchange.

The acquisition of Northwest Airlines was announced April 14, 2008. It was approved and consummated on October 29, 2008. Northwest continued to operate as a wholly owned subsidiary of Delta until December 31, 2009, when the Northwest Airlines operating certificate was merged into that of Delta. Delta completed integration with Northwest on January 31, 2010, when their computer reservations system and websites were combined, and the Northwest Airlines brand was officially retired.


Mission

We—Delta's employees, customers, and community partners together form a force for positive local and global change, dedicated to bettering standards of living and the environment where we and our customers live and work.


Vision

To be the World's Most Trusted Airline.


Key Team

Mr. William Charles Carroll (Sr. VP, Controller & Principal Accounting Officer)

Mr. Peter W. Carter (Exec. VP, Chief Legal Officer & Corp. Sec.)

Mr. Garrett L. Chase (Sr. VP of Bus. Devel. & Financial Planning)

Mr. Alain M. Bellemare (Exec. VP & Pres of International)

Mr. John E. Laughter (Exec. VP, Chief of Operations & Principal Operating Officer)

Mr. Don Mitacek (Sr. VP of Technical Operations)

Mr. Rahul Samant (Exec. VP & Chief Information Officer)


Recognition and Awards
Delta Air Lines won 2 awards in 2022 and 3 awards in 2021. In 2022, Delta Air Lines won for Best Leadership Teams 2022 and Best Places to Work in Atlanta 2022. In 2021, Delta Air Lines won for Best CEO 2021, Best Company Culture 2021 and Best Places to Work in Atlanta 2021. Based on 8,321 ratings and 812 participants, employees at Delta Air Lines are very satisfied with their work experience. The overall culture score, 77/100 or A, incorporates employee ratings based on their feedback on the Environment, Leadership, eNPS and more.

References
Delta Air Lines
Leadership team

Mr. Glen W. Hauenstein (Pres)

Mr. Daniel Charles Janki (Exec. VP & CFO)

Products/ Services
Service Industry, Transportation, Travel
Number of Employees
Above 50,000
Headquarters
Atlanta, Georgia, United States
Established
1928
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
DAL
Sun Mar 03 2024
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