Delta Air Lines Targets Trans-Pacific Leadership, Reports $5 Billion Net Profit

Industry
โดย CNBC·Read original
Summary · why it matters

Delta Air Lines is targeting leadership in the trans-Pacific market, with President Peter Carter stating the carrier plans to become the leading US airline across the Pacific and ultimately the leading global airline. The airline earned more than $5 billion in net profit last year, compared to around $3.35 billion for United Airlines, though its trans-Pacific revenue of $2.79 billion trailed United's roughly $6.89 billion. Delta expects part of its growth to come through its joint venture with Korean Air, which is merging with Asiana Airlines, and recently launched a Los Angeles-Hong Kong service. United CEO Scott Kirby welcomed the competition, while Carter responded, 'Bring 'em on.'

Impact on stocks 4

Industrials▲ · 3 stocks
Delta Air Lines Inc
DAL
▲ PositiveDemandrelevance

Delta targets trans-Pacific leadership and reports $5B net profit, indicating strong demand and growth strategy.

United Airlines Holdings Inc
UAL
± MixedCompetitionrelevance

United is mentioned as a competitor with higher trans-Pacific revenue, and its CEO welcomes competition, but no direct impact on United's prospects.

Asiana Airline
020560
± MixedRegulationrelevance

Asiana is being merged with Korean Air, but the impact on Asiana is unclear from the article.

Aerospace & Aviation▲ · 1 stocks
Korean Air Lines Co
003490
▲ PositiveDemandrelevance

Korean Air's joint venture with Delta and merger with Asiana are expected to drive growth for Korean Air.

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