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MarketScreener Homepage  >  Equities  >  Nyse  >  Delta Air Lines Inc.    DAL

DELTA AIR LINES INC.

(DAL)
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Delta Air Lines : bolsters MIA network to support industry-leading partnership with LATAM

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01/17/2020 | 10:09am EST

Delta Air Lines will add 13 new daily nonstop flights to Miami International Airport (MIA) from hubs and top corporate travel destinations around the U.S., including new service from Orlando, Raleigh-Durham, Salt Lake City and Tampa.

With this expanded network, Delta will offer 41 daily non-stop options between 10 U.S. airports and Miami, with all flights offering Delta's award-winning First Class and Delta Comfort+ product, in addition to the carrier's signature operational reliability and industry-leading service. Delta's partnerships today extend its Miami reach across the globe to 12 international nonstop destinations, with LATAM offering 10 additional international destinations from Miami.

'As our new industry-leading partnership with LATAM develops, this announcement broadens our footprint in south Florida to provide our customers with better connections between the U.S. and South America,' said S.V.P. Network Planning Joe Esposito. 'With this expansion, we are now well positioned to provide superior service and a convenient network for customers connecting between our airlines as well as for travelers going to and from South Florida.'

In addition to providing Delta's Miami-based customers with more options throughout the airline's network, Delta's new flight schedule will be timed to maximize connectivity with LATAM. The two airlines are conveniently co-located at MIA, allowing swifter connecting times for customers.

The new flights will be available for sale beginning Saturday, Jan. 18, 2020, and will begin operating by summer 2020.

To celebrate, Delta will offer customers fare deals on flights to Miami. Check this page as the new routes become available for sale. Additional bag fees and terms apply.

'We congratulate Delta Air Lines on its new additional daily flights for MIA,' said Lester Sola, Director and CEO of the Miami-Dade Aviation Department, which oversees operations at Miami International Airport. 'We are incredibly proud of their growth and very excited for the opportunity to provide our passengers with greater connectivity along with enhanced flight options. We look forward to continuing our excellent relationship with Delta to offer the best customer experience to our passengers.'

Delta, LATAM are building No. 1 carrier connecting North and South America

Delta's increased service into MIA is part of the carrier's developing partnership with LATAM, announced late last year. This strategic partnership would bring together the leading airlines in North and South America, offering significantly expanded travel options for customers with access to 435 destinations worldwide.

Together, Delta and LATAM will create the most comprehensive combined carrier network throughout the Americas, carrying more passengers between North and South America than any other partnership. Customers will benefit from significantly expanded travel choices across the Americas and an industry-leading, increasingly seamless customer experience, including reciprocal loyalty program benefits. The enhanced cooperation is subject to governmental and regulatory approvals.

Delta and LATAM recently announced plans to launch codeshare sales for select flights operated by certain LATAM affiliates in Colombia, Ecuador and Peru beginning in the first quarter of 2020, pending receipt of applicable government approvals.

The schedule for Delta's new MIA flights is as follows:

Direction

Departs

Arrives

Aircraft Type

Service Begins

Miami to Orlando

8:35

9:46

Embraer ERJ-175

5/4/2020

12:00

13:11

Embraer ERJ-175

5/4/2020

15:25

16:36

Embraer ERJ-175

5/4/2020

18:50

20:02

Embraer ERJ-175

5/4/2020

22:10

23:21

Embraer ERJ-175

5/4/2020

Orlando to Miami

6:40

7:47

Embraer ERJ-175

5/4/2020

10:20

11:28

Embraer ERJ-175

5/4/2020

13:45

14:53

Embraer ERJ-175

5/4/2020

17:10

18:18

Embraer ERJ-175

5/4/2020

20:35

21:43

Embraer ERJ-175

5/4/2020

Miami to Raleigh-Durham

9:45

11:57

Embraer ERJ-175

5/22/2020

20:30

22:49

Embraer ERJ-175

5/22/2020

Raleigh-Durham to Miami

6:45

9:03

Embraer ERJ-175

5/22/2020

17:15

19:35

Embraer ERJ-175

5/22/2020

Miami to Salt Lake City

9:45

12:51

Boeing 737-800

7/28/2020

Salt Lake City to Miami

13:45

20:27

Boeing 737-800

7/28/2020

Miami to Tampa

8:45

9:49

Embraer ERJ-175

5/4/2020

12:00

13:08

Embraer ERJ-175

5/4/2020

15:20

16:27

Embraer ERJ-175

5/4/2020

18:40

19:50

Embraer ERJ-175

5/4/2020

22:15

23:23

Embraer ERJ-175

5/4/2020

Tampa to Miami

6:45

7:54

Embraer ERJ-175

5/4/2020

10:20

11:27

Embraer ERJ-175

5/4/2020

13:40

14:46

Embraer ERJ-175

5/4/2020

17:00

18:09

Embraer ERJ-175

5/4/2020

20:25

21:36

Embraer ERJ-175

5/4/2020

A portion of travel for some itineraries may be on Delta Connection® carriers.

Related Topics:

Disclaimer

Delta Air Lines Inc. published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 15:08:03 UTC

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Financials (USD)
Sales 2020 48 770 M
EBIT 2020 6 402 M
Net income 2020 4 647 M
Debt 2020 9 657 M
Yield 2020 2,83%
P/E ratio 2020 8,00x
P/E ratio 2021 7,40x
EV / Sales2020 0,97x
EV / Sales2021 0,92x
Capitalization 37 549 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 70,20  $
Last Close Price 58,90  $
Spread / Highest target 52,8%
Spread / Average Target 19,2%
Spread / Lowest Target 3,57%
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Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Non-Independent Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
Wayne Gilbert West Chief Operating Officer & Senior Executive VP
Paul A. Jacobson Chief Financial Officer & Executive Vice President
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