delta retiring 777
The airline will take an accounting charge of as much as $1.7 billion for the retirement of the 777s and other previously parked smaller planes, according to a regulatory filing Thursday. âRetiring a fleet as iconic as the 777 is not an easy decision. This post contains references to products from one or more of our advertisers. “The 777 played an important role with Delta since 1999, allowing us to open new long-haul markets and grow our international network as we transformed into a global airline.”, Read more: ‘Mad Dog’ Goes Silent With Delta’s Retirement of Workhorse Jet. The number accounts for expected pilot retirements. Delta plans to retire its 18 widebody Boeing 777s by the end of 2020 as a result of the COVID-19 pandemic. PHOTO: CARLOS LUGO. CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. The Atlanta-based carrier will remove its 18 777-200s by year-end on expectations of a long and slow recovery in international travel after the crisis, Delta CEO Ed Bastian told staff in a memo on Thursday. The carrier said it will rely on its “more fuel-efficient and cost-effective” Airbus SE A350-900 and A330 planes to serve long routes. Delta retiring all Boeing 777s It has today been announcedthat Delta will retire all Boeing 777s by the end of 2020, as a result of the COVID-19 pandemic. Photographer: Alex Tai/SOPA Images/LightRocket via Getty Images. Delta will also accelerate a plan to retire the McDonnell Douglas MD-90 and remove the jets in June. Delta Air Lines Inc. is retiring its fleet of Boeing Co. 777âs and warning its pilots of massive overstaffing as the carrier grapples with the unprecedented collapse in ⦠The retirement will accelerate the airlineâs strategy to simplify and modernize its fleet, while continuing to operate newer, more cost-efficient aircraft. Retiring a fleet type cuts the expense of training pilots and mechanics and maintaining a separate inventory of parts. Delta only had 18 777s in its fleet. Deltaâs 777 retirement in favor of Airbus jets is tinged with irony. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. The Atlanta-based carrier will remove its 18 777-200s by year-end on expectations of a long and slow recovery in international travel after the crisis, Delta CEO Ed Bastian told staff in a memo on Thursday. This news is tough to hear. That includes 10 of its 18 777s as well as all of its Airbus A320s. Delta’s retirement of the 777s also “will hurt” American and United Airlines Holdings Inc., said George Ferguson, a Bloomberg Intelligence analyst. Boeing originally pitched the 777 as a replacement for Deltaâs Lockheed L-1011 fleet in 1996, according to reporting by The Atlanta Journal-Constitution. This site does not include all credit card companies or all available credit card offers. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). I would like to subscribe to The Points Guy newsletters and special email promotions. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. While the jet was viewed as too large for the L-1011s primarily U.S. domestic routes, the ⦠A RED VENTURES COMPANY. Delta’s 777s are the latest casualty of the coronavirus. MINNEAPOLIS (FOX 9) - Delta Air Lines is permanently retiring its Boeing 777 fleet by the end of the year, the company announced Thursday. Before it's here, it's on the Bloomberg Terminal. One jet that Delta continues to fly is the Airbus A220, a plane that is both comfortable or passengers and economic for airlines. Related: Why the new Airbus A220 is popular with airlines during the coronavirus pandemic. The move comes a day after the International Air Transport Association (IATA) forecast that it could be three to four years before international travel returns to pre-COVID levels. Get Coronavirus travel updates. Evercore analyst Duane Pfennigwerth told TPG in April that Delta may retire some “oddball” aircraft in its fleet, or models that it has few of with no plans to add more. The Boeing wide-body having edged out the competing Airbus A330 for the order in 1997. Please view our advertising policy page for more information. MIAMI â Delta Air Lines (DL) has made the decision to permanently retire by the end of 2020 its Boeing 777 fleet, comprised of 18 aircraft, due to the unprecedented drop in travel demand amid the COVID-19 pandemic and global economic shutdown. The airline only recently finished retrofitting the 777s with Delta One suites, as well as its Premium Select premium economy seats. Stay on top of industry impacts, flight cancellations, and more. The coronavirus pandemic has claimed another victim in the fleets of U.S. airlines with Delta Air Lines saying that it will retire its Boeing 777s. Learn more. Delta said it plans to use Airbus A330s and A350-900 series jets, which are more fuel-efficient, in its long-haul flights when demand for international travel resumes. 777s have flown 1.26 million flight hours on over 133,000 flights for Delta. “While we know that we will eventually see growth and the return of our customers, our challenge is predicting the pace and timing of this return -- which will be slower than any of us hoped,” John Laughter, Delta’s senior vice president of flight operations, said in a memo to pilots viewed by Bloomberg News. The A350’s range of 9,321 miles is about 1,500-miles shorter than that of the 777-200LR. Delta is shrinking in response to ⦠By labeling the larger planes have no use in today’s market, it potentially reduces their value as the airlines seek additional financing using the aircraft as collateral, he said in a Bloomberg blog on airlines Thursday. That’s about half of the company’s aviator corps. Plans with the most dentists in the networks, great savings, easy to join and easy to use - no wonder Delta Dental has the most members. All Boeing 747-451 aircraft were inherited from the Delta-Northwest merger. According to Bastian, the decision was made due to the drop in travel demand caused by the coronavirus (COVID-19) pandemic. “Management should first discuss and consider ALPA’s proposals before the company heads down a path of drastic cuts, which will cost more in the long run to execute, and harm thousands of Delta pilots and their families,” Chris Riggins, a union spokesman, said in a statement. 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