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 individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Delta (DAL) & LATAM to Begin New US-South America Routes
Read MoreHide Full Article
Delta Air Lines (DAL - Free Report) and LATAM Group have decided to expand their joint venture by adding new routes to the combined network between North and South America. The addition of new routes is expected to boost connectivity between the continents, in turn taking advantage of the upbeat air-travel-demand scenario. The move to add tourist-friendly destinations is likely to raise the airlines’ traffic.
As part of the expansion plan, LATAM Airlines Colombia will launch new daily service between Miami and Medellin, starting from Oct 29. On the very day, LATAM Airlines Peru will introduce three-times weekly service between Lima and Atlanta.
Alex Antilla, Delta’s vice president stated, “The mission of Delta and the LATAM group’s partnership is to make travel between our Joint Venture markets in North and South America easier and more enjoyable, and to bring the continents closer than ever.” Beginning from Dec 22, Delta will offer three-times weekly service between Atlanta and Cartagena, Colombia. Delta will also add a second daily flight between Atlanta and Bogota, scheduled to launch on Oct 29.
The new routes will be available for booking from Jun 17 on Delta’s and LATAM’s official websites. The airlines have decided to tap new markets under this partnership. For example, daily flights for Bogota-Orlando will commence on Jul 1. Flights for Sao Paulo-Los Angeles and New York-Rio de Janeiro will take to the skies from Aug 1 and Dec 16, respectively. Following the addition of new routes, Delta’s capacity from its Atlanta hub has more than doubled. Also, capacity from LATAM’s South American hubs have nearly doubled.
Riding on the upbeat traffic scenario, DAL shares have outperformed its industry over the past six months. The stock has gained 30.1% compared with its industry’s 24.2% appreciation. The expansion move is likely to boost its traffic further, in turn, resulting in more stock price appreciation.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings, S.A. (CPA - Free Report) and Triton International Limited .
Copa Holdings, which presently flaunts a Zacks Rank #1 (Strong Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can see the complete list of today’s Zacks #1 Rank stocks here..
For second-quarter and full-year 2023, CPA’s earnings are expected to register 765.6% and 75.4% growth, respectively, on a year-over-year basis.
Triton, which currently carries a Zacks Rank #2 (Buy), is benefiting from its consistent efforts to reward shareholders through dividends and share repurchases.
Triton has an impressive liquidity position. TRTN’s current ratio (a measure of liquidity) was 3.97 at the end of first-quarter 2023. A current ratio of more than 1 often indicates that the company will be easily paying off its short-term obligations.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Delta (DAL) & LATAM to Begin New US-South America Routes
Delta Air Lines (DAL - Free Report) and LATAM Group have decided to expand their joint venture by adding new routes to the combined network between North and South America. The addition of new routes is expected to boost connectivity between the continents, in turn taking advantage of the upbeat air-travel-demand scenario. The move to add tourist-friendly destinations is likely to raise the airlines’ traffic.
As part of the expansion plan, LATAM Airlines Colombia will launch new daily service between Miami and Medellin, starting from Oct 29. On the very day, LATAM Airlines Peru will introduce three-times weekly service between Lima and Atlanta.
Alex Antilla, Delta’s vice president stated, “The mission of Delta and the LATAM group’s partnership is to make travel between our Joint Venture markets in North and South America easier and more enjoyable, and to bring the continents closer than ever.” Beginning from Dec 22, Delta will offer three-times weekly service between Atlanta and Cartagena, Colombia. Delta will also add a second daily flight between Atlanta and Bogota, scheduled to launch on Oct 29.
The new routes will be available for booking from Jun 17 on Delta’s and LATAM’s official websites. The airlines have decided to tap new markets under this partnership. For example, daily flights for Bogota-Orlando will commence on Jul 1. Flights for Sao Paulo-Los Angeles and New York-Rio de Janeiro will take to the skies from Aug 1 and Dec 16, respectively. Following the addition of new routes, Delta’s capacity from its Atlanta hub has more than doubled. Also, capacity from LATAM’s South American hubs have nearly doubled.
Riding on the upbeat traffic scenario, DAL shares have outperformed its industry over the past six months. The stock has gained 30.1% compared with its industry’s 24.2% appreciation. The expansion move is likely to boost its traffic further, in turn, resulting in more stock price appreciation.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings, S.A. (CPA - Free Report) and Triton International Limited .
Copa Holdings, which presently flaunts a Zacks Rank #1 (Strong Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can see the complete list of today’s Zacks #1 Rank stocks here..
For second-quarter and full-year 2023, CPA’s earnings are expected to register 765.6% and 75.4% growth, respectively, on a year-over-year basis.
Triton, which currently carries a Zacks Rank #2 (Buy), is benefiting from its consistent efforts to reward shareholders through dividends and share repurchases.
Triton has an impressive liquidity position. TRTN’s current ratio (a measure of liquidity) was 3.97 at the end of first-quarter 2023. A current ratio of more than 1 often indicates that the company will be easily paying off its short-term obligations.