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Delta Buries the Hatchet With A4A, Set to Rejoin Next Year
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Delta Air Lines, Inc. (DAL - Free Report) announced plans to rejoin Airlines for America (A4A), the trade organization for leading U.S. passenger and cargo airlines, after having severed ties with the organization four years ago on policy disagreements.
Members of the organization include Alaska Airlines, the subsidiary of Alaska Air Group (ALK - Free Report) , American Airlines (AAL - Free Report) , Atlas Air Worldwide, FedEx Express, Hawaiian Airlines, JetBlue, Southwest (LUV - Free Report) , United Airlines, UPS and Air Canada. Delta will officially rejoin A4A in 2020 to promote sustainability initiatives, fight undue passenger taxes and support policies that facilitate travel experience.
The disagreements between the two parties surfaced when A4A refrained from supporting Delta on allegations that the Gulf carriers, namely Emirates, Etihad and Qatar airlines got undue advantage by receiving government subsidies. Delta and A4A were also at opposite poles on air traffic control reforms.
Delta’s announcement comes ahead of the winter holiday travel period, set to begin on Dec 19. Per A4A’s projections, 47.5 million passengers are expected to fly aboard U.S. airlines across the globe over the 18-day (Dec 19-Jan 5) period. On average, 2.6 million passengers will likely take to the skies each day with daily volumes of 2.2-3 million. This indicates a 3% rise from the year-ago period. With an expected surge of 72,000 additional passengers daily, airlines will increase capacity by 88,000 seats per day, simultaneously offering 884 extra flights.
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Delta Buries the Hatchet With A4A, Set to Rejoin Next Year
Delta Air Lines, Inc. (DAL - Free Report) announced plans to rejoin Airlines for America (A4A), the trade organization for leading U.S. passenger and cargo airlines, after having severed ties with the organization four years ago on policy disagreements.
Members of the organization include Alaska Airlines, the subsidiary of Alaska Air Group (ALK - Free Report) , American Airlines (AAL - Free Report) , Atlas Air Worldwide, FedEx Express, Hawaiian Airlines, JetBlue, Southwest (LUV - Free Report) , United Airlines, UPS and Air Canada. Delta will officially rejoin A4A in 2020 to promote sustainability initiatives, fight undue passenger taxes and support policies that facilitate travel experience.
Why Delta Left A4A
The Zacks Rank #3 (company) left A4A in 2015 as its policies did not match the organization’s. Notably, the airline paid $5 million to the trade group in annual dues as a member. Management felt that by quitting the trade association, the amount could be spent in a better way to support its own business. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The disagreements between the two parties surfaced when A4A refrained from supporting Delta on allegations that the Gulf carriers, namely Emirates, Etihad and Qatar airlines got undue advantage by receiving government subsidies. Delta and A4A were also at opposite poles on air traffic control reforms.
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. price | Delta Air Lines, Inc. Quote
Winter Holiday Travel to Begin
Delta’s announcement comes ahead of the winter holiday travel period, set to begin on Dec 19. Per A4A’s projections, 47.5 million passengers are expected to fly aboard U.S. airlines across the globe over the 18-day (Dec 19-Jan 5) period. On average, 2.6 million passengers will likely take to the skies each day with daily volumes of 2.2-3 million. This indicates a 3% rise from the year-ago period. With an expected surge of 72,000 additional passengers daily, airlines will increase capacity by 88,000 seats per day, simultaneously offering 884 extra flights.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>