The 2022 Flightpath with Delta’s CEO

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 January 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Delta and other airlines are facing headwinds from weather and rising cases of omicron, but Delta CEO Ed Bastian predicts a travel rebound at the end of February. Speaking with CNBC’s Phil LeBeau and the ‘Squawk Box’ team, Bastian reacts to the company’s latest quarterly earnings report, the rising cost of oil, and Delta’s ranking on 2022′s “Just 100” list. After lobbying the CDC to shorten quarantine guidelines from 10 to 5 days to mitigate airline staffing issues, Delta is now facing backlash from the Association of Flight Attendants and its president, Sara Nelson. Plus, new year, new hairdos! In this episode: Ed Bastian, @Delta Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast,
0:10.0	Thousands of flights grounded. Delta CEO Ed Bastion on the headwinds for the airline industry.
0:16.0	We're doing much much better than we were through the early part of the holiday period.
0:22.0	Over the last four weeks we've had about 8,000 of our staff be infected by the virus.
0:28.0	Good news is that they were all fine.
0:31.0	And clearer skies ahead hopefully.
0:33.2	What we're seeing is you know for the spring season it's going to be a very very
0:37.3	busy season in the summer as well and we just need to navigate this next four or five
0:41.9	weeks to get there.
0:43.0	Plus getting off the tarmac and into the barber's chair?
0:47.0	Have you used this new amazing dyson hair dryer?
0:50.0	Do you know what I'm talking about?
0:51.0	Yes.
0:52.0	It's Thursday January 13th, 2022.
0:55.0	Squankapod begins right now. This morning Delta Airlines reported its fourth quarter results and its highest
1:09.2	revenue since 2019 thanks to holiday travelers but the company announced that for the first
1:14.6	quarter of the new year, the COVID-O-Macron variant would likely result in a loss.
1:19.8	It isn't just Delta facing this problem, of course.
1:22.6	The entire aviation industry is contending with serious turbulence,
1:26.8	in part because of weather,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.