This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Delta, Finally, Plays Catch-Up at JFK

Stocks in this article: DAL AMR JBLU UAUA LCC

ATLANTA ( TheStreet) -- Finally, Delta (DAL) is moving ahead with its long-planned facilities upgrade at New York's Kennedy Airport.

The upgrade is a maneuver in the continuing battle for supremacy in the world's biggest aviation market. That battle has raged for years, but the planned merger between United (UAUA) and Continental (CAL) means that all three of the country's biggest airlines -- as well as the world's three global aviation alliances -- will be represented.


At JFK, three carriers -- American (AMR), JetBlue (JBLU) and Delta -- operate hubs. American opened a spectacular new $1.3 billion terminal in 2007 and JetBlue followed with a $750 million terminal in 2008.

It is fair to say that those terminals provide a competitive advantage for their occupants, one that Delta has long recognized. But the carrier has been slow to reach an accord with the Port Authority of New York and New Jersey on how to solve its problem.

Today, however, the Port Authority board unanimously approved a $1.2 billion upgrade of the Delta's JFK facilities, once occupied by Pan American World Airways. Delta would move its international flights to a modernized Terminal 4 and would operate domestic flights from Pan Am's Terminal Two. The Terminal Four upgrade would be completed by 2013.

Delta isn't ready to talk quite yet and declined to provide details to TheStreet early Thursday. "Delta has been working closely with the Port to develop a plan for our JFK Terminal, one that reflects the significant investments we've been making in the New York market over the past several years," spokeswoman Heather Faulkner said in a prepared statement.

While three carriers have hubs at JFK, United will be alone at Newark. At LaGuardia, Delta has sought to establish a hub, although it has been hurt by regulators' rejection of its plan to acquire more slots in a trade with US Airways (LCC), which would trade for slots at Washington Reagan National Airport.

However, Delta is taking a page out of the JetBlue playbook at its LaGuardia terminal, making an effort to upgrade the food service there as JetBlue did in its JFK terminal. Delta says it has enlisted chefs and restaurateurs to develop a French bistro, an Italian restaurant, a gourmet coffee shop, a steak house, a pizza place, a wine bar and a seafood bar. Quicker service options will include pizza, burgers, Asian cuisine, gourmet packaged food and a New York-style deli.

-- Written by Ted Reed in Charlotte, N.C.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs