WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #1
"Wall Street Darling Delta Moves To S&P 500, Creates 90 Million Share Demand, Analyst Says
"Wall Street loved Delta even before Standard & Poors said late Friday, after the market closed, that the carrier will join the S&P 500Index on Tuesday.
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"In a report issued Wednesday, Gimme Credit analyst Vicki Bryan wrote that Delta handily outpace its largest peers by virtually all measures, even as travel trends have faded. Of course Delta has been looking far down the road for several years now while its peers still are just trying to get better each quarter.
"Delta has proven more reliably adept than most with its evolving strategies (and) has increased market share and revenue by successfully targeting the most lucrative corporate and international segments, Bryan wrote. She estimated 2013 will be the carriers most profitable year ever, with net income up 129% to $2.3 billion."
more here:
http://www.forbes.com/sites/tedreed/2013/09/07/wall-street-darling-delta-moves-to-sp-500-creates-90-million-share-demand-analyst-says/?partner=yahootix
DL's strategies at moving toward investment grade are helping to position DAL as an alternative to LUV, the only investment-grade US airline.
Interestingly, DAL will open for trading as part of the S&P 500 on the 12th anniversary of 9/11.
"Wall Street loved Delta even before Standard & Poors said late Friday, after the market closed, that the carrier will join the S&P 500Index on Tuesday.
.
.
.
"In a report issued Wednesday, Gimme Credit analyst Vicki Bryan wrote that Delta handily outpace its largest peers by virtually all measures, even as travel trends have faded. Of course Delta has been looking far down the road for several years now while its peers still are just trying to get better each quarter.
"Delta has proven more reliably adept than most with its evolving strategies (and) has increased market share and revenue by successfully targeting the most lucrative corporate and international segments, Bryan wrote. She estimated 2013 will be the carriers most profitable year ever, with net income up 129% to $2.3 billion."
more here:
http://www.forbes.com/sites/tedreed/2013/09/07/wall-street-darling-delta-moves-to-sp-500-creates-90-million-share-demand-analyst-says/?partner=yahootix
DL's strategies at moving toward investment grade are helping to position DAL as an alternative to LUV, the only investment-grade US airline.
Interestingly, DAL will open for trading as part of the S&P 500 on the 12th anniversary of 9/11.
