We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Delta (DAL) to Boost Network by Adding New Destinations
Read MoreHide Full Article
Delta Air Lines’ (DAL - Free Report) management has decided to add new destinations to its network to take advantage of the upbeat air-travel-demand scenario. The move to add tourist-friendly destinations is expected to boost the airline company’s traffic.
With an eye on the upcoming holiday season, Delta has decided to add seasonal routes from its hubs at Atlanta, New York-JFK, Detroit and Minneapolis to multiple tropical destinations. All flights will operate seasonally from Dec 16 through Jan 7, 2024.
Delta will add 20% more seats to its Lain America network in 2023 than the previous year. The massive expansion is aimed at making DAL’s Latin America schedule for 2023 holidays the largest in its history.
Under the expansion move, DAL intends to widen the scope of its service to Mexico, Central America and the Caribbean. The company aims to cement its position as the leading carrier to Latin America from Atlanta and Detroit through its move to increase the frequency of its flights to popular destinations like Aruba and Cancun, Mexico.
While flights to Aruba from Atlanta will increase to twice a day from a single one, seven flights will fly to Cancun daily from Atlanta as opposed to six previously. All flights will be equipped with modern facilities like free and fast Wi-Fi.
Riding on the upbeat traffic scenario, DAL shares have outperformed its industry over the past six months. Over the past six months, shares of Delta have gained 5.8% compared with its industry’s 2.1% appreciation.
Image Source: Zacks Investment Research
The expansion move is likely to boost its traffic further, in turn, resulting in more stock price appreciation.
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks for investors interested in the Zacks Airline industry are:
Alaska Air Group (ALK - Free Report) , being aided by the improved air-travel-demand situation, reported better-than-expected fourth-quarter 2022 results. The company expects a 29-32% increase in the top line in first-quarter 2023.
ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023.
United Airlines (UAL - Free Report) , currently carrying a Zacks Rank of 2, is seeing steady recovery in domestic and leisure air-travel demand. On the back of upbeat air-travel demand, the stock was profitable in fourth-quarter 2022, which was the third consecutive profitable quarter at UAL.
Driven by solid demand, management expects total revenue per available seat mile to grow 22-23% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 51% year over year.
The Zacks Consensus Estimate for current-year earnings has been revised upward by more than 18% in the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Delta (DAL) to Boost Network by Adding New Destinations
Delta Air Lines’ (DAL - Free Report) management has decided to add new destinations to its network to take advantage of the upbeat air-travel-demand scenario. The move to add tourist-friendly destinations is expected to boost the airline company’s traffic.
With an eye on the upcoming holiday season, Delta has decided to add seasonal routes from its hubs at Atlanta, New York-JFK, Detroit and Minneapolis to multiple tropical destinations. All flights will operate seasonally from Dec 16 through Jan 7, 2024.
Delta will add 20% more seats to its Lain America network in 2023 than the previous year. The massive expansion is aimed at making DAL’s Latin America schedule for 2023 holidays the largest in its history.
Under the expansion move, DAL intends to widen the scope of its service to Mexico, Central America and the Caribbean. The company aims to cement its position as the leading carrier to Latin America from Atlanta and Detroit through its move to increase the frequency of its flights to popular destinations like Aruba and Cancun, Mexico.
While flights to Aruba from Atlanta will increase to twice a day from a single one, seven flights will fly to Cancun daily from Atlanta as opposed to six previously. All flights will be equipped with modern facilities like free and fast Wi-Fi.
Riding on the upbeat traffic scenario, DAL shares have outperformed its industry over the past six months. Over the past six months, shares of Delta have gained 5.8% compared with its industry’s 2.1% appreciation.
Image Source: Zacks Investment Research
The expansion move is likely to boost its traffic further, in turn, resulting in more stock price appreciation.
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks for investors interested in the Zacks Airline industry are:
Alaska Air Group (ALK - Free Report) , being aided by the improved air-travel-demand situation, reported better-than-expected fourth-quarter 2022 results. The company expects a 29-32% increase in the top line in first-quarter 2023.
ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023.
The Zacks Consensus Estimate for Alaska Air's current-year earnings has been revised upward by 7.7% in the past 60 days. ALK currently has a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
United Airlines (UAL - Free Report) , currently carrying a Zacks Rank of 2, is seeing steady recovery in domestic and leisure air-travel demand. On the back of upbeat air-travel demand, the stock was profitable in fourth-quarter 2022, which was the third consecutive profitable quarter at UAL.
Driven by solid demand, management expects total revenue per available seat mile to grow 22-23% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 51% year over year.
The Zacks Consensus Estimate for current-year earnings has been revised upward by more than 18% in the past 60 days.