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Delta Air Lines Starts Service to Seoul-Incheon from Atlanta
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In a bid to expand further,Delta Air Lines (DAL - Free Report) , based in Atlanta, GA, began flight service between Hartsfield-Jackson Atlanta International Airport and Seoul-Incheon International Airport on Jun 3. The service offers more options to passengers flying to and from Asia alongside a greater cargo capacity between the U.S. and South Korea.
Delta is utilizing the Boeing 777-200LR aircraft for operating flights on the route. The aircraft features several modern amenities like satellite-based Wi-Fi and power ports, plus personal in-flight entertainment on every seat to name a few.
Delta has been looking to strengthen its Asian presence for quite some time. To this end, earlier in the year, the carrier inked a memorandum of understanding with Korean Air to implement a joint venture arrangement. This customer-friendly deal will see the carriers sharing the costs and revenues on flights apart from coordinating schedules to enhance connectivity between the U.S. and Asia. The new trans-Pacific deal has resulted in the formation of a huge network covering in excess of 290 and 80 destinations in the Americas and Asia, respectively.
Delta was also in the news recently when it reported impressive traffic results for the month of May. Consolidated traffic – measured in revenue passenger miles (RPMs) – came in at 19.14 billion, up 1.7% year over year. However, consolidated capacity (or available seat miles/ASMs) was flat at 22.07 billion on a year-over-year basis. Moreover, passenger revenue per available seat mile (PRASM: a measure of unit revenue) increased 3.5% in the month. The impressive traffic report and the PRASM update pleased investors leading to an uptick in stock price on Jun 2.
In fact, shares of Delta have been performing well lately. The stock has ascended 5.9%, outperforming the Zacks categorized Transportation-Airline industry’s gain of 3% over the last one month.
Its expansion efforts are a further positive for the stock.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained over 57%, 35% and 6%, respectively, over a period of three months.
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Delta Air Lines Starts Service to Seoul-Incheon from Atlanta
In a bid to expand further, Delta Air Lines (DAL - Free Report) , based in Atlanta, GA, began flight service between Hartsfield-Jackson Atlanta International Airport and Seoul-Incheon International Airport on Jun 3. The service offers more options to passengers flying to and from Asia alongside a greater cargo capacity between the U.S. and South Korea.
Delta is utilizing the Boeing 777-200LR aircraft for operating flights on the route. The aircraft features several modern amenities like satellite-based Wi-Fi and power ports, plus personal in-flight entertainment on every seat to name a few.
Delta has been looking to strengthen its Asian presence for quite some time. To this end, earlier in the year, the carrier inked a memorandum of understanding with Korean Air to implement a joint venture arrangement. This customer-friendly deal will see the carriers sharing the costs and revenues on flights apart from coordinating schedules to enhance connectivity between the U.S. and Asia. The new trans-Pacific deal has resulted in the formation of a huge network covering in excess of 290 and 80 destinations in the Americas and Asia, respectively.
Delta was also in the news recently when it reported impressive traffic results for the month of May. Consolidated traffic – measured in revenue passenger miles (RPMs) – came in at 19.14 billion, up 1.7% year over year. However, consolidated capacity (or available seat miles/ASMs) was flat at 22.07 billion on a year-over-year basis. Moreover, passenger revenue per available seat mile (PRASM: a measure of unit revenue) increased 3.5% in the month. The impressive traffic report and the PRASM update pleased investors leading to an uptick in stock price on Jun 2.
In fact, shares of Delta have been performing well lately. The stock has ascended 5.9%, outperforming the Zacks categorized Transportation-Airline industry’s gain of 3% over the last one month.
Its expansion efforts are a further positive for the stock.
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in airline space are Air France-KLM SA (AFLYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and Hawaiian Holdings, Inc. (HA - Free Report) . All sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, Deutsche Lufthansa and Hawaiian Holdings gained over 57%, 35% and 6%, respectively, over a period of three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>