Delta Air Lines Inc. (NYSE:DAL) Remains Strong

Posted by Lynn Eisler December 27, 2013 0 Comment 1827 views

Delta Air Lines, Inc. (NYSE:DAL)’s stock is untouched by the holiday season sentiments as it has reported approximately 4% decline over the past one month whereas the stock has gained close to 135% year to date. Among the peers, Alaska Air Group, Inc. (NYSE:ALK) has delivered about 30% returns, American Airlines Group Inc. (OTCMKTS:AAMRQ) has delivered over 1300% returns and parent company of United Air Lines, Inc. and Continental Airlines, Inc. United Continental Holdings Inc. (NYSE:UAL) has delivered 63% returns year to date.

Christmas Bonanza

While investors have nothing much to cheer with their investments in Delta Air Lines, Inc. travelers get their Christmas bonanza as the computer error allowed some lucky travelers to book their Delta Air Lines tickets at rock-bottom airfares. Websites of the airline as well as other booking sites were showing incorrect fares on Thursday from about 10:00 a.m. to noon Eastern Time.

Some of the round trip fares worth $400 between Cincinnati and Minneapolis as well as Cincinnati and Salt Lake City were selling as low as $25.05 and $48.41, respectively. Oklahoma based travel agent booked twelve first class trips all over the U.S. for himself and his clients for just under $1,400.

The Troubled Airliners

Delta Air Lines, Inc. (NYSE:DAL) website faced lingering issues as traffic increased on Thursday afternoon. However, later the company announced that the problem had been fixed. In addition, a spokesman for the airline, Trebor Banstetter said in a statement that, “Delta will honor any fares purchased at the incorrect price.”

Among similar stories, United Continental Holdings Inc. (NYSE:UAL)’s United Air Lines faced the similar issue during this September because of an error in filing fares to its online system. As a result of which many travelers get the chance to book tickets for as low as $5 or $10, equivalent to the cost of security fee.

About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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