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U.S. stocks ended mostly higher on Wednesday, with the SP 500 posting a seventh straight day of gains as a potential …

Airlines are pulling out the stops to keep their elite frequent fliers. But Delta has raised the bar — using a sports car to shuttle late passengers to their connecting planes.

(Reuters) – Delta Airlines will join the SP 500 index after the close of trading on September 10, replacing BMC Software , Standard Poor’s said on Friday.

Shares of Delta, the second largest carrier behind United Continental , rose 4.6 percent to $20.80 in after-hours trading.

BMC will be replaced in the index on Tuesday because Bain Capital LLC is expected to complete its acquisition of BMC on or around that day, SP said.

Delta, which filed for bankruptcy in 2005 and acquired Northwest Airlines in 2008, has improved profits and reduced debt in recent years. It last paid a common stock dividend in 2003, and its last share buyback plan was in 2000.

To cut costs, Delta has been retiring fuel-guzzling planes and acquiring used aircraft, and it bought a Pennsylvania oil refinery last year.

In May, Delta said it planned to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyback program. The initiatives are part of a five-year plan that seeks to generate as much as $5 billion in value for investors.

Airlines, which weathered a tough decade after the September 11, 2001, attacks, have gained more solid financial footing and are now focusing on improving their investment potential.

(Reporting by Nicola Leske; Editing by Bernard Orr and Leslie Adler)

NEW YOEK: Delta Airlines will join the SP 500 index after the close of trading on September 10, replacing BMC Software, Standard Poor’s said on Friday.

Shares of Delta, the second largest carrier behind United Continental UAL.N, rose 4.6 percent to $20.80 in after-hours trading.

BMC will be replaced in the index on Tuesday because Bain Capital LLC is expected to complete its acquisition of BMC on or around that day, SP said.

Delta, which filed for bankruptcy in 2005 and acquired Northwest Airlines in 2008, has improved profits and reduced debt in recent years. It last paid a common stock dividend in 2003, and its last share buyback plan was in 2000.

To cut costs, Delta has been retiring fuel-guzzling planes and acquiring used aircraft, and it bought aPennsylvania oil refinery last year.

In May, Delta said it planned to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyback program. The initiatives are part of a five-year plan that seeks to generate as much as $5 billion in value for investors.

Airlines, which weathered a tough decade after the September 11, 2001, attacks, have gained more solid financial footing and are now focusing on improving their investment potential.- Reuters

The sudden uncertainty, just months before the law requires most Americans to obtain health insurance, worries some Bay State industry leaders that progress made under the state’s first-in-the-nation health care overhaul law will stall — or, worse, there will be a regression.

Delta Airlines Inc. (DAL) has secured a tentative approval from the U.S. Department of Transportation (:DOT) for its planned tie up with Virgin Atlantic for nonstop flights between the U.S. and the U.K. This takes Delta a step closer towards antitrust immunity, the final hurdle before the trans-Atlantic joint venture (:JV) takes off.

Notably, in Dec 2012, Delta proposed to acquire a 49% stake in British carrier Virgin Atlantic from Singapore Airlines. The acquisition closed in Jun 2013 after the U.S. Department of Justice and European Commission cleared the deal. However, DOT clearance for the trans-Atlantic route is pending.  

Now, the JV appears on track, with the DOT favoring the amalgamation citing it will promote competition within the U.S. and U.K. markets and in turn benefit customers. The DOT also noted that the JV will create a strong contender to one of the largest airline alliances, Oneworld, which includes heavyweights like American Airlines, British Airways and Iberia.

The $360 million stake purchase will subsequently give Delta more control over the New York to London network, which is being dominated by American Airlines and British Airways. The Delta-Virgin tie up is expected to hold the second spot in this lucrative route with nine daily roundtrip flights across the Atlantic, pushing United Continental Holdings Inc. (UAL) to the third position.

The DOT has given a 14-day period to raise objections to its approval. If there are no objections to the JV, the regulatory body will give its final go-ahead.

Per the joint venture agreement between Delta and Virgin Atlantic, both carriers will share the expenses and revenues of the flights. Delta holds a commanding position in the U.S. market while Virgin Atlantic enjoys hefty slots at the popular Heathrow Airport.

We believe the Delta-Virgin Atlantic alliance will hugely benefit customers with expanded and enhanced flight connectivity to key markets, better pricing and suitable booking options.

Delta operates with the likes of Southwest Airlines Co. (LUV) and carries a Zacks Rank #3 (Hold). However, sector stock U.S. Airways Group Inc. (LCC) looks attractive with a Zacks Rank #1 (Strong Buy).

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The sudden uncertainty, just months before the law requires most Americans to obtain health insurance, worries some Bay State industry leaders that progress made under the state’s first-in-the-nation health care overhaul law will stall — or, worse, there will be a regression.

BIRMINGHAM, Ala. — A Delta Airlines flight from New Orleans to Atlanta was diverted to Birmingham on Tuesday because of a report of smoke in the cockpit.

Delta Flight 2234 was just east of Montgomery when pilots aborted the flight plan and made an emergency landing at Birmingham-Shuttlesworth International Airport. The plane landed safely at about 3 p.m. Television station ABC33/40 reported that emergency crews inspected the plane and didn’t find any smoke or other signs of fire on the aircraft.

No injuries were reported in the incident.

Delta Airlines pulled the plug on its hub at Memphis International Airport Tuesday, affecting 29 non-stop flights and 200 people who are now out of work.

“Most of the people affected there were Delta ground services folks,” said Laura Hine, the deputy director of business services at the city’s Workforce Investment Network.

Out of the 230 people who lost their job, around 50 were full-time. The rest worked 20 hours a week.

Hine said she’s helping the former Delta employees find new opportunities.

“We can provide them training and tuition reimbursement. As well as connect them with any job postings we are working on,” Hine said.

Many of Delta’s check-in counters are empty, and little is listed on the departure board.

The airline is down to about 60 flights a day.

Before Delta merged with Northwest, the two airlines offered four times that.

Airport Authority President Larry Cox says there is a silver lining, because new jobs will open up when new airlines move in.

Southwest is set to open in November with nine flights a day.

Cox said he is working to recruit others.

“We are looking at Allegiant Air. We are looking at Spirit and at Frontier,” Cox said.

Cox said he will be making some exciting announcements very soon.

To find more information on the Workforce Investment Network and job opportunities, head to their website: http://www.workforceinvestmentnetwork.com/