Delta Airlines Gains Altitude
The airline business is a tough one, and not all carriers survive the cyclical nature and geopolitical challenges. Delta Airlines (NYSE: DAL), an industry leader in 2020, was plunged into bankruptcy in 2005. Management was humbled and the company survived, eventually building itself into one of the most successful airlines of the past decade.
On January 14, Delta reported full-year 2019 results showing impressive gains, helped by its strategic partnership with American Express, fleet optimization, and a pending joint venture with South America's largest airline.
But the party's not over yet. Delta Airlines has put several strategic initiatives in place that will yield increased revenue and improved margins in the next few years.
Source Fool.com
