How does an airline, a huge user of fossil fuels, credibly contribute to sustainability? The specific talking point is the wall being constructed along the U.S.-Mexico border. And the FAA, as 5G is being rolled out here, had some real concerns about whether the impact of the C-band, which is the spectrum that the telecom companies will be using, could cause interference with readings that the airplanes haveparticularly in proximity to the airports and landingand offset and impact some of our instrument ratings and the quality of the information and other aspects of air travel. With over 10 years experience he's covered businesses, CEOs, and investments. Delta Air Lines CEO Ed Bastian joins 'Squawk Box' to discuss Delta's earnings beat, new pilot contracts in the works, and paying down debt to open up more free cash Bastian has worked for Atlanta-based Delta for about 18 years and most recently served as president of the airline. And we look forward to getting through this latest variant, Omicron, very, very soon according to the doctors. Youve got people who have to be there physically, who have to deliver physically. Kudos for a top exec really showing work life balance. A 12-year-old girl stepped up to the altar at her mom's wedding to read out the exact number of days she felt like her stepdad had felt like her own father before The pandemic chose us and our company has never needed us more. [3], In 1979, Bastian received a Bachelor of Business Administration in accounting from St. Bonaventure University in Cattaraugus County, New York. Otherwise there would be no point, as you seem to be too ignorant to understand the scope of what a CEOs role is. If you have difficult conditions, you may have to force people to divert. And it would be very, very disruptive without having fully tested the rollout of the application in the aviation infrastructure. Delta's CEO, Ed Bastian, sent an email this morning to customers, revealing the company's plans for handling the current outbreak. Internationally it is largely a requirement, to get into many countries around the world, you need to be vaccinated, including our country. Clearly if Bastian had thought it was important, he would have been there, its his job that he gets paid a ton of money to do (I made far less money than he did when I worked at a Big Law firm, where I was expected to be available 24/7 and cancel vacations/doctors appts/whatever at the drop of a hat if I was needed by the partners, so I have to believe the CEO of Delta would also be expected to be as available when necessary). "I'm young at heart," Bastian said earlier this year shortly after being named to the CEO position. It was fairly easy to read the article and determine it was the latter. Shame on you sir. This is from Oslo, and the question is, how do you engage with Delta Air Lines stakeholders to gather good ideas that can help the company revive the business, specifically coming out of the pandemic? You must have a workforce that has differing views on it, how do you make this make sense: that we really need to be together? His first reaction was Ed missed the meeting bc he dont like me It has lost all credibility like Bastian. And candidly, my natural inclination is not to get involved in any of them because in a world thats divided as we are currently in, youre going to upset a lot of people, so youve got to be cautious. I think its going to be a great technology. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. A father of 4, he splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida. Ed Bastian demonstraits true leadership traits in everything he does for the Delta family, unlike many other US Airline CEOs. To the North, Delta recently negotiated a deal to buy 75 Canadian Bombardier aircraft but has run into another Trump wall as the government assessed Bombardier with a 220% duty for allegedly dumping product, an accusation made by Boeing. U.S. built, U.S. technology, U.S. innovation," Bastian said. A special email series for subscribers. Eds really did great things for all the families of Delta employees who will pay the price for his dissing the President and his fear of being in the same room with Al Bakr. ADI IGNATIUS: Im always interested in the path that people take to the C-suite, to the CEO role. So I think those are some of the core capabilities that I brought to the airline. ADI IGNATIUS: Heres another question, this is from Cincinnati, Ohio, really a couple questions about data and analytics. I think we need to start looking at our lexicon. We use the term headquarters, [but it] really needs to be a support center to the people out in the business that are making it happen out in the field.. I stand by my tile and have children. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Its really a very minimal amount, so we need the government to be good partners with us. The illegal crossing were at a fifty year low until Trump came in. You may no longer be able to operate certain types of equipment unless you have a very clear day. Two days after Thanksgiving ended, we first heard word of Omicron, and then within just a matter of weeks, it hit us hard in this country, right at the same time we were experiencing the busiest travel surge for demand, because of the Christmas and New Years holiday. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site is for entertainment purposes only. Ive got a visible access point. All the restrictions went back up again. Unthinkable: Should We Abandon All COVID Policies? The question I have is about impact. As I said at the start, you and your company are really on the front lines of trying to deliver a needed service during a really challenging time. How does that background inform your leadership style, now that you are CEO? And, while that doesnt sound like a huge commitment, given the fact that sustainable aviation fuels today largely are nonexistent, if Delta were to go out and procure all of the SAF that exists within our country, itd be enough for us to fuel only our planes for 1 day, and no one else in the industry would have anything else for the entire year. But dear @flysas , next time if I a, Ready for #PIA from #MAN to #JFK -- we will be rac, Another room with a beautiful view #hyattregenc, Enjoying #shanghai with @onemileatatime from the i, From my front gate to my boarding gate in 15 minut, @malaysiaairlines #747 out of retirement and in se, View from my 61st floor room at the beautiful bran. As it turns out it seems there were people who saw that Bastain was right, and upon his return the company filed for Chapter 11 bankruptcy. Ed Bastian, CEO of Delta Air Lines, leads a company that has been on the front lines of pandemic challenges. I cannot believe this many business travelers cannot see this. Im confident our governments going to be able to solve this working closely with the FCC, as well as the FAA. Why does it matter how much money he spent on a vacation? And they need to have that fully vetted and fully tested. The, Read More 20 Things You Didnt Know About BrainQContinue, Headlining one of Americas largest and oldest conglomerates is certainly not a small task, and its important for whoever has the reins of GE to be ready for it. But at the same time, when you see something happening in your or community that runs counter to the values of the company and what you espouse, particularly on behalf of your people, sometimes you feel compelled to voice your view, your concerns, and to engage. Could he have made last-minute arrangements to attend said meeting and meet up with his family mid-vacation? And the majority of our people were very happy to be back. ED BASTIAN: My pleasure, Adi, good to be with you. www.zola.com wedding justthebegannon It gets me in the HOV lane all the way down." I just made the decision to fly 16 hours in economy class instead of business class for my family. WebBTC/USD Realtime Price and Historical Chart. Can you talk a little bit about that as an example of private sector-government interaction? And the White House is involved, as you mentioned. above this. Sorry you disagree Arun, but as someone who owns a company and is forced to travel often for in-person meetings, I cannot stress how important personal presence is. WebEd Bastian is happily married. Matthew has to get a real life. On this Wikipedia the language links are at the top of the page across from the article title. A few years later, Bastian was named partner at age 31. Theyre not moving around. Thanks. For the money he is paid sacrifices must be made; considering the 85,000 employees and pension funds that his every move affects. During a 1981 annual review, he uncovered a $50 million fraud scheme involving ad powerhouse J. Walter Thompson. ED BASTIAN: Its a very serious issue. So, at Delta, we made a commitment 2 years ago that, while we couldnt find the answers today with respect to a new alternative source of energy, we could make a difference in terms of offsetting our footprint. Support with the government, the government support back, and ensuring that were tackling this huge challenge together with the best minds and the best science guiding the path. We dont have any influence with the CDC, but they took our input, they received the same question from a number of other industries as well, and they updated the guidance and it was really appreciated. And there is still another point that if I were Bastian, it would have caused me to avoid this meeting like the plague For him to make an apeearance at a meeting to complain about Qatar Airlines owning 49% of air Italy and how the subsidies that the Qatari government is providing to Qatar airways and, in turn, to Air Italy is costing Americans jobs all while Delta Airlines owns 49% of Virgin Atlantic (a U.K. company), 49% of Grupo Aeromexico (a Mexican owned company) as well as 8.8% of AirFrance-KLM (a French-Dutch company) probably would not have been too great of an idea. He should not miss the meeting imo. When somebody is not following the instructions of a crew member, its not just our crew members, the fellow customers step in and ensure that the flight is to go off on time as safely as possible. Perhaps they went to a nice hotel or home whose reservation could not easily be moved. No. WebBrittany Bastian and Nathan Gannon's Wedding Website - Zola. How are we going to get through this and what its going to take to ensure that we bring our people with us. My family makes a lot of sacrifices with Delta. Mr. Bastain was more interested in baseball than air traffic for most of his early life. I am so excited tha, I greatly miss the @lufthansa #747-8 at @flylaxair. We just need to get back together and the airlines are going to be a big part of bringing the world together. And is there a digital strategy that aims to focus at the customer experience and direct sales as well? Ed Bastian has been CEO of Delta Air Lines for nearly eight weeks after stepping into the role May 2, elevating his profile in the airline industry and in the business community in metro Atlanta. I recently spent a weekend at the @ventanabigsur. Awards and recognition. Unfortunately that meeting was set up at the very last minute as I was heading out of the country with my family on a long scheduled one week vacation that would have caused me to cancel the vacation with my family. And testing requirements. The meeting topic was Qatar Airways and Air Italy, two carriers Bastian has decried for years. Over the past two years, Delta has won widespread praise for its handling of the complexities resulting from Covid, and Bastian has developed ideas and strategies for how a company can not only survive during crisis, but thrive. Saturdays 1 p.m. news conference featured a number of big names: Bastian, Utah Gov. ED BASTIAN: Yeah, well we need to be very active working together. My guess is he knew it was going to be a dog and pony show with no real results, especially with a president that is more interested in growing trump properties overseas than with issues at home. Shame on the Author. ED BASTIAN: We havent. It hit us hard. My esteem of Delta just went up! It had nothing to do with whether or not he was going on vacation. WebBTC/USD Realtime Price and Historical Chart. Several years prior, Bastian had promised Delta's team of employees in New York that if the airline's operation in the Big Apple became profitable, he would run the New York City marathon. He told them that if Deltas New York City operations became profitable he would run in the New York City Marathon. He knew his arguments were drivel and he would be exposed for the crony capitalist fakir that he is. But we also need to make certain that the application, in terms of the rollout, can be coordinated along with running a safe aviation system. But I wasnt going to leave it to our people to decide how they best fulfill their service obligation. I think in some ways youre a paragon for what it means to lead a business through a challenging period. No, Matthew. One thing that we did, Adi, is throughout the pandemic weve encouraged testing. But then Bastian downplayed the importance of the meeting, telling employees itwas not about the whole Middle Eastern issue, it was really very limited to Qatar and the Air Italy situation. Well, yes, but that is exactly the issue that he has consistently maintained represents an existential threat to the U.S. airline industry. We didnt choose the pandemic. 4. And we do not have a substitute source to use for propulsion for our aircraft. Would you be ok if opposing counsel was allowed to schedule a last-minute hearing while you were on a flight to a planned destination, only to declare victory because you refused to show up? And this is something I was going to ask as well, which is the rollout of 5G thats coming. What does CEO did was absolutely the right thing. Were huge proponents of 5G. So its an issue for our government. But when he finally had the chance to address the issue with the U.S. President and confront the CEO of Qatar Airways, he was a no show. A lot of people back in the skies for the first time. The problem is in the US we put work before family and it is ruining society. [5] In 2000, he was promoted to senior vice president finance and controller. Rally Kid Graces fearless spirit and selfless mission to help others, despite her own struggles, moved Bastian deeply. ADI IGNATIUS: Its all quite amazing to ponder from the outside. Maybe he just didnt feel like talking to a racist that daycant blame him, No matter what your intention was but this was unnecessary and makes you appear petty. We invested in certified offsets that eliminate the carbon that we create on a daily basis through investment in re-forestation projects, clean water projects in various parts of the world, investing in natural sources of decarbonizing the climate and the world and the planet when we cant find an alternative use to do that ourselves. Drew Holt and Talli Gay scrambled for flights on other airlines to get everyone to South Carolina for their Friday wedding. And its a noble mission. The new United Polaris Lounge at Washington Dulles, @malaysiaairlines just announced it would retire i, Welcome to @fly_bur @aveloair! He made the right decision. Delta did end up finally became profitable in New York for the first time in its history, after expanding its presence against large operations run by American, JetBlue, United and other carriers. However, interested individuals, Read More How The Transportation Industry Plans on Saving The EnvironmentContinue, American entrepreneur Wycliffe (Wyk) Grousbeck has served as the Chief Executive Officer, governor and co-owner of the Boston Celtics of the National Basketball Association since he acquired the franchise in 2002. Matthew is an avid traveler who calls Los Angeles home. Perhaps his absence was a strategic ploy for a second meeting with the chief spokesperson at the table for the U.S. side. American business executive and Delta Air Lines CEO, "St. Bonaventure grad to take over for Delta Air Lines CEO Anderson as he retires", "Edward Bastian Restructures Delta Into The "Winningest" Airline", "Ed Bastian to Succeed Richard Anderson as Chief Executive Officer of Delta Air Lines", "Can new Delta CEO Ed Bastian continue the airline's success? ADI IGNATIUS: We billed this show as: who could be more on the front lines of the challenges that we all face (to maybe lesser degrees), that this pandemic has brought, than someone keeping an airline going. So we need to ensure that were doing everything we can to seek those new sources of energy in the short term, investing, and trying to get much greater attention to sustainable aviation fuels. In other words, how has Bastians absence from that meeting added to his costs (expensive vacation?) Good for Ed. I wouldnt cross the street to meet Donald Trump, no matter the meeting agenda. While it is true many children have the same dreams, Mr. Bastain was athletically inclined and could have made a serious run at making it in the big leagues. What? Ed raised over $400,000. There was a lot of accounting to be done just growing up, so it was a natural continuation of his childhood. Why couldnt another executive fill in gor him. I dont know how widespread it is, but we all see videos of air personnel being abused by patients who arent happy with mask requirements or whatever. ED BASTIAN: I called it the final kick in the teeth from the pandemic, Omicron, because if you recall we had a very, very busy Thanksgiving holiday. So what have you learned about what you need to do to retain top talent at this point? ED BASTIAN: Oh, we get information from so many people all the time. During the meeting, Trump complained, Eds not heres. ED BASTIAN: Thats a tough one, and because its a tough one, it makes it a very important one. But youre right, Adi, throughout the entire pandemic our people have not had the option to work from home. And Im fortunate enough now to be a CEO for six years. Your industry has its own specific needs, but I think we all need to get used to the idea that were going to be leading through crisis. But we use analytics far more than just as a pricing tool and an algorithm. Why should Ed allowed to enjoy this in business class or not like other employees of the airline? And Id say thats the second thing is: ensure that as youre going through this hard time and youre coming out of this hard time, you reflect on your purpose. The information age is turning the world into another DARK AGE. Through Rally, Bastian got to know Rally Kid Grace, an inspiring high school freshman and Paralympic athlete, who was battling osteosarcoma the same cancer Eds younger brother battled as a child. This meeting was clearly not in good faith, and even if it was, you cant trust anything Trump says past the point he leaves the room. Theyre buckled into their seats. Not just for the airlines, but also for the express package carriers and the UPSs and the FedExs of the world that are also using those airways. So one guy didnt show up so he throws the baby out with the bath water. He drives a Tesla to work. I cannot fault Bastian if his plans were unmovable, but it is not every day you have the chance to make your case to the White House (no matter who is in the office). Learn how your comment data is processed. As a result of that, we took a pretty big hit, because we saw it happen within our own workforce very, very quickly. He made his position on the matter that the company should file for bankruptcy protection corporate clear. And well over 80% of our employees do not have an optiondid not have an optionincluding in the most difficult and darkest days of the pandemic. Thank you for recognizing that. Weve been relatively, I wouldnt say unaffected, but the numbers are really quite low for us. A lot of people had put off traveling to that point. This may make it seem as if he has adopted a competitive lifestyle, but actually the marathon was the result of a bet he made with his Delta employees. He shouldnt be allowed to take even a day off until he can get his company in a full, upright position again!! Instead, Bastian studied accounting at St. Bonaventure University. Working his way up to the position of Senior Vice President at Delta back in 2000, he and the company were facing very difficult financial times. You barely make cogent points about the travel industry, maybe you should stay out of politics and industrysince they are clearly over your depth. ADI IGNATIUS: Ed, I want to thank you for being on the show. I think that there is more than a hint of jealousy about the CEO salary compared to this 3rd rate journalist. Happy wife happy life. 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