Delta Airlines, Inc. (NYSE:DAL) Making impressive Strides after Acquiring Virgin Atlantic

by Darcie | Wednesday, Apr 2, 2014 | 3663 views

Boston, MA 04/02/2014 (usastockreports) Delta Airlines, Inc. (NYSE:DAL), second largest US airline continues to make impressive strides in the aviation industry after completing a 49% takeover in British Virgin Atlantic. The airline enjoyed a solid 2013 fiscal year and is now focused on improving its operational efficiency as well as enhancing customer experience and balancing its capital deployment.

Investment Gurus like George Soros and Whitney Tilson have already weighed into the company’s improved performance in the market consequently placing their bets on the airlines increased chances of profitability. The airline management team has over the years reiterated their goal in improving the airlines operating efficiency as well as improving customer experience.

Delta Airlines latest Partnership Agreements

The merger with Virgin Atlantic is another milestone for the airline as it establishes a profit sharing platform through 66 travel destinations across North America and Europe. The partnership has already seen Delta Airlines register codeshare revenues amounting to $25 million in the past year.

Delta Airlines, Inc. (NYSE:DAL)’s plan to expand its operations in the Latin America’s air space, and has therefore signed another partnership agreement with GOL Linhas Aeras Inteligentes

The new partnership will enable Delta Airlines to have full access to 23 destinations in Brazil as well as establish direct flights from New York to Sao Paolo.

Delta Airlines Rewarding its Customers

The airline has also announced that it will be rewarding its customers, based on the prices of their tickets instead of miles flown as it used to be. In an effort of improving flight experience for travelers Delta Airlines, Inc. (NYSE:DAL), has set aside between $2 billion and $2.5 billion to enhance its fleet structure as well as its technological base.

The airlines stock has been impressive in the market maintaining an upward swing over the past few weeks. Delta Airlines, Inc. (NYSE:DAL) is currently trading close to $36.30.

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