Delta Air Lines(DAL - Free Report) based in Atlanta, GA, has recently announced its decision to relocate from Terminals 5 and 6 to Terminals 2 and 3, respectively, at Los Angeles International Airport (LAX) in May. In Aug 2016, this airline behemoth’s lease and license agreement had already received an approval to relocate from Los Angeles City Council. The relocation is scheduled to start on May 12 and is expected to be completed by May 17.
In fact, the move is a precursor for the Delta Sky Way at LAX, which is Delta’s $1.9 billion plan to modernize, upgrade and connect Terminals 2, 3 to the Tom Bradley International Terminal (TBIT), over the next seven years.
The plan is expected to offer huge benefits to Delta customers. They will not only enjoy faster and more convenient connections to flights, but also reduced ramp congestion on arriving and departing from LAX. Moreover, this new location being closer to the LAXs’ entrance eases the movement in and out of the airport. Terminals 2 and 3 will offer concessions and popular spots like Shake Shack and Angel City Brewery to passengers. Additionally, the renovated LAX is likely to provide customers with a private Delta One check-in lounge, new state-of-the-art Delta Sky Clubs and an integrated in-line baggage system.
After completion, the facility should offer better passenger flows, additional gate-area seating and a concession program featuring local chefs and restaurants in partnership with Westfield Corporation. Notably, following the move Delta will have 23 gates at LAX and will also operate with some of its airline partners Aeromexico, Virgin Atlantic and WestJet.
Further, Delta Air Lines is also ensuring awareness of the move by holding customer and partner town halls, out-of-home advertising in and around the airport and meeting all airport stakeholders, including impacted airlines frequently.
Zacks Rank & Key Picks
Delta Air Lines currently has a Zacks Rank #3 (Hold). Some better ranked stocks in the airline space are Gol Linhas Aereas Inteligentes , International Consolidated Airlines Group (ICAGY - Free Report) and LATAM Airlines Group . While Gol Linhas and International Consolidated Airlines Group sport a Zacks Rank #1 (Strong Buy), LATAM Airlines Group carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Gol Linhas, International Consolidated Airlines Group and LATAM Airlines Group returned over 89%, 26% and 50%, respectively. on a year-to-date basis.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Delta Air Lines(DAL - Free Report) based in Atlanta, GA, has recently announced its decision to relocate from Terminals 5 and 6 to Terminals 2 and 3, respectively, at Los Angeles International Airport (LAX) in May. In Aug 2016, this airline behemoth’s lease and license agreement had already received an approval to relocate from Los Angeles City Council. The relocation is scheduled to start on May 12 and is expected to be completed by May 17.
In fact, the move is a precursor for the Delta Sky Way at LAX, which is Delta’s $1.9 billion plan to modernize, upgrade and connect Terminals 2, 3 to the Tom Bradley International Terminal (TBIT), over the next seven years.
The plan is expected to offer huge benefits to Delta customers. They will not only enjoy faster and more convenient connections to flights, but also reduced ramp congestion on arriving and departing from LAX. Moreover, this new location being closer to the LAXs’ entrance eases the movement in and out of the airport. Terminals 2 and 3 will offer concessions and popular spots like Shake Shack and Angel City Brewery to passengers. Additionally, the renovated LAX is likely to provide customers with a private Delta One check-in lounge, new state-of-the-art Delta Sky Clubs and an integrated in-line baggage system.
After completion, the facility should offer better passenger flows, additional gate-area seating and a concession program featuring local chefs and restaurants in partnership with Westfield Corporation. Notably, following the move Delta will have 23 gates at LAX and will also operate with some of its airline partners Aeromexico, Virgin Atlantic and WestJet.
Further, Delta Air Lines is also ensuring awareness of the move by holding customer and partner town halls, out-of-home advertising in and around the airport and meeting all airport stakeholders, including impacted airlines frequently.
Zacks Rank & Key Picks
Delta Air Lines currently has a Zacks Rank #3 (Hold). Some better ranked stocks in the airline space are Gol Linhas Aereas Inteligentes , International Consolidated Airlines Group (ICAGY - Free Report) and LATAM Airlines Group . While Gol Linhas and International Consolidated Airlines Group sport a Zacks Rank #1 (Strong Buy), LATAM Airlines Group carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Gol Linhas, International Consolidated Airlines Group and LATAM Airlines Group returned over 89%, 26% and 50%, respectively. on a year-to-date basis.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere
1 billion iPhones in 10 years but a new breakthrough is expected to generate more
than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may
kick yourself in 2020. Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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