The most profitable airline in the Fortune 500, Delta climbs six spots on the list after raking in almost $44 billion in annual revenue, an 8% increase from the year prior (and $3.9 billion in annual profits, up 10%). Those dollars were hard-fought: Like its peers, Delta saw a steep increase in fuel expenses in 2018, to the tune of 30%. What’s more, reduced government travel following last year’s federal shutdown hit the airline hard, costing the company $25 million a month. Still, operational efficiencies helped lead the U.S.’s second largest airline to success. Delta went a record 251 days without a cancelation—the kind of performance that helped stoke demand from travelers.
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This is your Data Sheet newsletter for Thursday, May 17, 2019.
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Although not renowned for their excellence in culinary circles, in-flight meals are a relatively recent privilege to which fliers haven’t always been treated. The first ever airline meal was served in 1919 on a Handley-Page flight from London to Paris. According to Travel + Leisure in 2017, selections at the time “typically included cold fried […]
Some of the corporate loopholes changed with the 2017 tax overhaul, but not much.