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Delta CEO says Trump administration’s approach to regulation could be ‘breath of
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DELTA CEO SAYS TRUMP ADMINISTRATION’S APPROACH TO REGULATION COULD BE ‘BREATH OF
FRESH AIR’

Published Wed, Nov 20 20247:04 AM ESTUpdated 6 Hours Ago
Leslie Josephs@lesliejosephs
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Key Points
 * Delta CEO Ed Bastian said the last four years were marked by governmental
   “overreach.”
 * The Buttigieg-led DOT has added new rules aimed at protecting consumers, and
   Delta is under investigation for its handling of the CrowdStrike outage this
   summer that stranded thousands of customers.
 * Airline CEOs have urged the incoming administration to invest in modernizing
   air traffic control.

In this article

 * DALUNCH

Follow your favorite stocksCREATE FREE ACCOUNT
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview
in New York, US, on Monday, Nov. 7, 2022.
Jeenah Moon | Bloomberg | Getty Images

Delta Air Lines CEO Ed Bastian said the Trump administration’s approach to
regulation could be a “breath of fresh air.”

Speaking to reporters ahead of Delta’s investor day, Bastian noted that
President-elect Donald Trump campaigned saying he would take a “fresh look” at
regulation and bureaucracy.



The U.S. Department of Transportation under Secretary Pete Buttigieg has issued
a host of rules aimed at protecting consumers, some of which the airline
industry has bristled at, including one this year that requires carriers to
provide automatic cash refunds to travelers when an airline cancels a flight.

Bastian said the industry has seen a “level of overreach” over the past four
years.

The department is also looking into airlines’ lucrative loyalty programs, which
bring in billions of dollars for carriers, helping to keep them afloat. The
current DOT leadership is seeking information about how airlines can
unilaterally change the value of frequent flyer points. The DOT has an open
investigation into Delta’s handling of July’s CrowdStrike outage, during which
the carrier canceled thousands of flights and struggled to recover compared with
competitors.

Delta on Wednesday said it expects to grow sales and profits in the months and
years ahead, pointing to resilient consumer demand and sharp growth in household
wealth since the pandemic.

Trump tapped former U.S. congressman and Fox Business host Sean Duffy as his
pick to lead the department. Duffy didn’t immediately respond to a request for
comment.



Other U.S. airline CEOs have expressed enthusiasm for the new Trump
administration and urged incoming officials to make sure the industry has enough
resources to improve air traffic control, which falls under the Federal Aviation
Administration, and other key pieces of infrastructure.

“We have to invest in this industry,” American Airlines CEO Robert Isom said at
the Skift Aviation Forum in Dallas last week. He said there is more work ahead
to approve more visas so people can visit the U.S.

In an interview last week, Sun Country Airlines CEO Jude Bricker said, “We just
need stability and resources at the DOT.”

Industry members and analysts also expect the incoming administration to be more
open to mergers and consolidation.

Alaska Airlines acquired Hawaiian Airlines without pushback from President Joe
Biden’s administration this year. However, Biden’s Justice Department won court
challenges to block two airline deals: a proposed acquisition of Spirit
Airlines, which filed for Chapter 11 bankruptcy protection Monday, by JetBlue
Airways and a partnership between JetBlue and American Airlines in the
Northeast, which had been approved in the last days of the first Trump
administration.

“Perhaps this administration would have a different stance,” said Sun Country’s
Bricker. “It certainly can’t get more against it.”

The current Department of Transportation didn’t immediately comment.


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