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) to Boost Travel Experience on Some Flights Shortly
Read MoreHide Full Article
Delta Air Lines (DAL - Free Report) announced that from this fall, it would start selling Premium Select seats on New York-Los Angeles flights, in a bid to meet the increasing demand for premium travel experience.
To this end, DAL, currently carrying a Zacks Rank #3 (Hold), will initially start offering this international-style premium economy service from Sep 10 on four of its 11 peak-day flights between New York's John F. Kennedy International Airport and Los Angeles International Airport. It will use Boeing 767 widebody planes to operate on this route. The planes are equipped with four product experiences: Delta One, Delta Premium Select, Delta Comfort+ and Main Cabin. The airline will expand this premium economy service to additional daily JFK-LAX frequencies later this year.
Delta Premium Select offers passengers more space to stretch out and relax with a wider seat and additional recline apart from offering an adjustable footrest and leg rest. The offering made its debut in 2017 and currently operates on most of Delta’s trans-Pacific and trans-Atlantic flights, apart from some flights to Latin America.
Owing to upbeat air-travel demand, shares of DAL have gained 25.5% year to date compared with its industry’s 13.6% growth.
Image Source: Zacks Investment Research
We believe that management’s decision to offer this premium product to passengers on domestic U.S. trans-continental flights is a prudent move in the current scenario of rosy air-travel demand. This may attract additional traffic on flights between the two cities, in turn, boosting its top line further.
SkyWest's fleet modernization efforts are commendable. Upbeat air travel demand also supports the company. The Zacks Consensus Estimate for SKYW’s 2024 earnings has improved 6.9% over the past 60 days. The stock has risen 46% year to date.
SKYW has an expected earnings growth rate of more than 100% for 2024. The company delivered a trailing four-quarter earnings surprise of 128.09%, on average.
Latin American carrier Copa Holdings is being aided by upbeat air-travel demand. We are also encouraged by Copa Holdings' initiatives to modernize its fleet.
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2024 earnings being revised 3.2% upward. CPA surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters by an average of 20.2%.
Image: Shutterstock
Delta (DAL) to Boost Travel Experience on Some Flights Shortly
Delta Air Lines (DAL - Free Report) announced that from this fall, it would start selling Premium Select seats on New York-Los Angeles flights, in a bid to meet the increasing demand for premium travel experience.
To this end, DAL, currently carrying a Zacks Rank #3 (Hold), will initially start offering this international-style premium economy service from Sep 10 on four of its 11 peak-day flights between New York's John F. Kennedy International Airport and Los Angeles International Airport. It will use Boeing 767 widebody planes to operate on this route. The planes are equipped with four product experiences: Delta One, Delta Premium Select, Delta Comfort+ and Main Cabin. The airline will expand this premium economy service to additional daily JFK-LAX frequencies later this year.
Delta Premium Select offers passengers more space to stretch out and relax with a wider seat and additional recline apart from offering an adjustable footrest and leg rest. The offering made its debut in 2017 and currently operates on most of Delta’s trans-Pacific and trans-Atlantic flights, apart from some flights to Latin America.
Owing to upbeat air-travel demand, shares of DAL have gained 25.5% year to date compared with its industry’s 13.6% growth.
Image Source: Zacks Investment Research
We believe that management’s decision to offer this premium product to passengers on domestic U.S. trans-continental flights is a prudent move in the current scenario of rosy air-travel demand. This may attract additional traffic on flights between the two cities, in turn, boosting its top line further.
Airline Stocks to Consider
Investors interested in the airline industry may consider SkyWest (SKYW - Free Report) and Copa Holdings (CPA - Free Report) . Each stock presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
SkyWest's fleet modernization efforts are commendable. Upbeat air travel demand also supports the company. The Zacks Consensus Estimate for SKYW’s 2024 earnings has improved 6.9% over the past 60 days. The stock has risen 46% year to date.
SKYW has an expected earnings growth rate of more than 100% for 2024. The company delivered a trailing four-quarter earnings surprise of 128.09%, on average.
Latin American carrier Copa Holdings is being aided by upbeat air-travel demand. We are also encouraged by Copa Holdings' initiatives to modernize its fleet.
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2024 earnings being revised 3.2% upward. CPA surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters by an average of 20.2%.