Airlines haven’t gotten off any easier than any one else – with flight delays, re-routes, and cancellations the industry has taken on major losses and sinking stock prices.
Delta Air Lines, however, seems to be faring better than most in this time of frozen bubbles and people throwing boiling water into the air to watch it freeze. Delta’s stock has actually reached a new high today ($30.78), which is impressive considering their 52-week low of $12.87 last March (Forbes.com). The majority of major analysts are recommending buying stock in the underdog airline.
S&P Capital IQ industry analyst Jim Corridor commented “We expect Delta to maintain a revenue premium to peers”, calling it the “best-in-class among the U.S. airlines”.
Delta’s combined passenger-related revenue for December 2013 was up 10% from the previous year due to high demand and the timing of this year’s holidays in relation to one another.
Delta has benefited from its 2008 merger with Northwest Airlines, which resulted in a larger network and benefits from consolidating costs and revenues.
Involved in the air travel industry? Join us in Miami this May for World Low Cost Airlines Americas.