ATLANTA, April 25, 2014 – Delta Air Lines (NYSE: DAL) today issued the following statement:
“As the Export-Import Bank of the United States conducts its annual conference in Washington, D.C., we urge Bank officials, speakers and panelists to take the opportunity to discuss and debate the full range of the impact of the Bank’s actions, both positive and negative.
"U.S. airlines want to compete on an even playing field, but Export-Import subsidies are giving our foreign competitors a competitive advantage that endangers American jobs, undermining whatever value the Bank might provide to other sectors of the U.S. economy.
“By providing taxpayer-backed guarantees to foreign airlines for widebody aircraft purchases, the Bank is helping companies who are often heavily subsidized by their home governments and have access to commercial financing. Those airlines can then deploy those Ex-Im-backed aircraft against U.S. carriers at a significant cost advantage on routes to and from the United States. This finger-on-the-scale approach is unfair to American workers and has to change.
“Delta, as well as the Air Line Pilots Association, has been urging Congress to enact reforms to address the negative impact the Bank’s activities have on U.S. airline employees and help level the global playing field for U.S. carriers.”
Delta Air Lines serves nearly 165 million customers each year. This year, Delta was named the 2014 Airline of the Year by Air Transport World magazine and was named to FORTUNE magazine’s top 50 Most Admired Companies in addition to being named the most admired airline for the third time in four years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 319 destinations in 57 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry’s leading trans-Atlantic joint venture with Air France-KLM and Alitalia as well as a newly formed joint venture with Virgin Atlantic. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-JFK, New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products, services and technology to enhance the customer experience in the air and on the ground. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta’s blog takingoff.delta.com.