Delta to Upgrade 240 Boeing 737s with Finlets for Fuel Efficiency
DAL sits 83% above its 52-week low of $45.28.
Summary
Delta Air Lines will upgrade approximately 240 Boeing 737-800/900ER aircraft with Vortex Control finlets to boost fuel efficiency and lower emissions. This operational improvement on about a quarter of its fleet is a significant long-term cost-saving initiative, directly addressing a major expense for airlines. The news follows recent reports of increased fuel costs and flight cancellations. Separately, Bernstein raised its price target for Delta to $93 from $88, maintaining an Outperform rating.
At the time of this announcement, DAL was trading at $82.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $54B. The 52-week trading range was $45.28 to $87.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.