This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Delta Bets Big on Global Growth

Delta Air Lines (DAL - Get Report) announced 15 new international routes Wednesday, making a bet that its suddenly vast global network will enhance its ability to take advantage of promising markets.

Wasting no time following its merger with Northwest, Delta said three of the flights will originate from its hubs and go to the Northwest hub at Tokyo's Narita Airport.

Senior Vice President Glen Hauenstein told reporters during a news conference that Delta is "always adding new things that have high potential, and we are taking out the bottom performers."

The new flights will begin next summer with a mix of 767-400s taken from domestic service, newly delivered 777LRs, and a few planes taken from discontinued international routes.

Delta also announced a 14.5% capacity increase between its four hubs and Northwest's three hubs, saying the increased connectivity will allow for more changes down the line. "The first thing is to make sure conduits are open for connecting traffic," Hauenstein said.

Additionally, Delta unveiled plans for eight new flights to Africa. Delta is the only U.S. carrier in Africa, the largest trans-Atlantic carrier and, following the merger, the largest U.S. carrier to Asia, eclipsing UAL (UAUA) unit United.

In touting the merger, executives said frequently that a major advantage was the ability to funnel Delta traffic through Northwest's Tokyo hub. On Wednesday, Delta said it will add Tokyo flights from Atlanta, New York's Kennedy Airport and Salt Lake City.

The single New York flight means "we take ourselves from not being an Asian player in New York to being the No. 1 Asian carrier," Hauenstein said. Atlanta will get a second Tokyo flight. Also, Delta will add a Tokyo-Ho Chi Minh City flight, taking advantage of Northwest's rights to fly routes directly from Tokyo.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DAL $42.01 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs