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Delta (DAL) to Introduce Its Airbus A321neo Next Month
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To modernize its fleet, Delta Air Lines, Inc. (DAL - Free Report) announced that it will start operating its first of 155 new Airbus A321neo aircraft from May 20, 2022. The debut flight using a new aircraft will take off from Delta's Boston hub and head for San Fransisco. In the coming months, Delta will further expand flight services on the Airbus A321neo plane to include destinations like Denver, San Diego and Seattle. While flights to Seattle will begin operating on Aug 11, services to San Diego and Denver will commence from Aug 20.
The Airbus A321neo being the latest addition to Delta is a fuel-efficient new-generation aircraft to help reinforce the airline’s position as an industry leader in executing environmentally-sustainable endeavors. Further, it enhances and elevates the passenger experience through the carrier's many investments in cabin configurations and products. Equipped with a total seating capacity of 194 (20 customers in First Class, 42 in Delta Comfort+ and 132 in the Main Cabin), the new jets will be deployed primarily across Delta’s extensive domestic network.
Delta will operate up to 155 daily nonstop flights to 53 locations this summer (more than 20% increase in capacity since its pre-pandemic peak in October 2019). By mid-August, Delta will serve each of Boston’s 20 most popular markets nonstop, including a nonstop service to five additional sites, namely Tel Aviv, Athens, Baltimore, Denver and San Diego.
Currently, DAL has purchase commitments for a total of 155 A321neos and will take delivery of these aircraft through 2027, mainly from the Airbus US Manufacturing Facility in Mobile, AL. Delta now has 235 new aircraft purchase commitments, including both widebody and narrowbody jets. This strengthens its strategic fleet objectives to streamline operations and drive productivity in a much sustainable fashion.
Such customer-friendly fleet-modernization exercises are expected to attract more and more traffic, thereby aiding top-line growth.
Zacks Rank & Stocks to Consider
Delta currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Transportation sector are Expeditors International of Washington, Inc. (EXPD - Free Report) , Old Dominion Freight Line, Inc. (ODFL - Free Report) and Triton International Limited .
Expeditors delivers a surprise of 34.2%, on average, with its earnings having surpassed the Zacks Consensus Estimate in all the last four quarters. The uptick is contributing to the carrier’s airfreight revenues. We are optimistic about EXPD’s buyout of the Fleet Logistics’ Digital Platform. The acquisition boosted its online LTL shipping platform Koho. The move is in line with its focus on Digital Solutions.
The long-term expected earnings per share (EPS) (three-to-five years) growth rate for Old Dominion is pegged at 16%. ODFL is benefiting from the strong performance of its LTL segment owing to improved freight conditions. In 2021, revenues from the LTL services segment increased 30.7% on a year-over-year basis.
Driven by the tailwinds, the stock has risen 13.1% in the past year. ODFL currently carries a Zacks Rank #2 (Buy).
The long-term expected EPS (three-to-five years) growth rate for Triton is pegged at 10%. Gradual increases in trade volumes and container demand bode well for TRTN. With easing coronavirus-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third and the fourth quarter of 2020 as well as in each of the four quarters of 2021.
Driven by these positives, the stock has rallied 25.1% in the past year. TRTN currently carries a Zacks Rank of 2.
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Delta (DAL) to Introduce Its Airbus A321neo Next Month
To modernize its fleet, Delta Air Lines, Inc. (DAL - Free Report) announced that it will start operating its first of 155 new Airbus A321neo aircraft from May 20, 2022. The debut flight using a new aircraft will take off from Delta's Boston hub and head for San Fransisco. In the coming months, Delta will further expand flight services on the Airbus A321neo plane to include destinations like Denver, San Diego and Seattle. While flights to Seattle will begin operating on Aug 11, services to San Diego and Denver will commence from Aug 20.
The Airbus A321neo being the latest addition to Delta is a fuel-efficient new-generation aircraft to help reinforce the airline’s position as an industry leader in executing environmentally-sustainable endeavors. Further, it enhances and elevates the passenger experience through the carrier's many investments in cabin configurations and products. Equipped with a total seating capacity of 194 (20 customers in First Class, 42 in Delta Comfort+ and 132 in the Main Cabin), the new jets will be deployed primarily across Delta’s extensive domestic network.
Delta will operate up to 155 daily nonstop flights to 53 locations this summer (more than 20% increase in capacity since its pre-pandemic peak in October 2019). By mid-August, Delta will serve each of Boston’s 20 most popular markets nonstop, including a nonstop service to five additional sites, namely Tel Aviv, Athens, Baltimore, Denver and San Diego.
Currently, DAL has purchase commitments for a total of 155 A321neos and will take delivery of these aircraft through 2027, mainly from the Airbus US Manufacturing Facility in Mobile, AL. Delta now has 235 new aircraft purchase commitments, including both widebody and narrowbody jets. This strengthens its strategic fleet objectives to streamline operations and drive productivity in a much sustainable fashion.
Such customer-friendly fleet-modernization exercises are expected to attract more and more traffic, thereby aiding top-line growth.
Zacks Rank & Stocks to Consider
Delta currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Transportation sector are Expeditors International of Washington, Inc. (EXPD - Free Report) , Old Dominion Freight Line, Inc. (ODFL - Free Report) and Triton International Limited .
Expeditors delivers a surprise of 34.2%, on average, with its earnings having surpassed the Zacks Consensus Estimate in all the last four quarters. The uptick is contributing to the carrier’s airfreight revenues. We are optimistic about EXPD’s buyout of the Fleet Logistics’ Digital Platform. The acquisition boosted its online LTL shipping platform Koho. The move is in line with its focus on Digital Solutions.
EXPD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share (EPS) (three-to-five years) growth rate for Old Dominion is pegged at 16%. ODFL is benefiting from the strong performance of its LTL segment owing to improved freight conditions. In 2021, revenues from the LTL services segment increased 30.7% on a year-over-year basis.
Driven by the tailwinds, the stock has risen 13.1% in the past year. ODFL currently carries a Zacks Rank #2 (Buy).
The long-term expected EPS (three-to-five years) growth rate for Triton is pegged at 10%. Gradual increases in trade volumes and container demand bode well for TRTN. With easing coronavirus-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third and the fourth quarter of 2020 as well as in each of the four quarters of 2021.
Driven by these positives, the stock has rallied 25.1% in the past year. TRTN currently carries a Zacks Rank of 2.