Delta Air Lines, Inc. (DAL) CEO Objects Ex-Im Bank Financing Foreign States’ Subsidized Carriers

Delta Air Lines, Inc. (NYSE:DAL)‘s CEO, Richard Anderson, was interviewed by CNBC’s Kelly Evans about the issues faced by the airline industry like increasing cost of air travel and his objections to the US government’s Export-Import bank.

Delta Air Lines, Inc. (NYSE:DAL)

Airfares have been seen to be steadily increasing for the past decade. But this factor has not deterred people from flying. Evans pointed out that, if anything, there has been an increase in the number of passengers taking flights and Delta Air Lines, Inc. (NYSE:DAL) seems to be flying with full capacity. She asked how much longer can this upward trend of airline fare can continue. Delta Air Lines, Inc. (NYSE:DAL) CEO did not seem worried by this fact.

 “It’s a very competitive market. So airfares are going to be determined by normal supply and demand and competitive factors in the market. If you look at true airfare including fees over the last decade adjusted for inflation, it is still one of the great bargains for American consumers,” Anderson noted.

When asked about his stand in the US export-import bank, he answered that his objection to it was very narrow.

“[...] We support the export-import bank for small industry, we support it for Caterpillar Inc. (NYSE:CAT). We support it for all the other industries. We have one narrow issue, which is, when our government finances very wealthy sovereign owned airlines that have access to private markets and they take jobs from people in the US, that’s our objection.”

The Delta Air Lines, Inc. (NYSE:DAL) CEO felt that problems were bound to arise when the government’s decision has a very tangible effect on US taxpayers. “It affects people here in Atlanta when a state-owned subsidized carrier like Air India receives subsidized government financing from our US treasury and from our employees’ tax dollars”, he was quoted saying.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!