Delta (DAL) Initiates Seasonal Flight Services In Key West

Delta Air Lines, Inc. (NYSE:DAL) stated that it will launch a seasonal service connecting New York’s LaGuardia Airport to the Key West. The flights, likely to be operational from March 9, 2019 till August 31, 2019, will operate every Saturday from New York. The carrier is utilizing the Embraer E-170 aircraft to ply on this route.

The flights, once operational, will boost seasonal connectivity between New York and Key West as well as provide an opportunity for customers to explore popular tourist destinations in Florida and the Caribbean. The new flights will have multiple product enhancements on flights to Florida destinations.

Moreover, to boost connectivity to the Caribbean, Delta has decided to operate flights connecting New York’s John F. Kennedy International Airport (JFK) to Kingston, Port-Au-Prince and Antigua during the winter. The carrier, which currently operates year round flights between Key West and Atlanta, has decided to operate a second daily flight to Nassau. In yet another move, the carrier has decided to increase the frequency of flights between JFK and St. Maarten. The flights will operate on a daily basis during the next month compared with the current schedule of operating on every Saturday.

The Atlanta, GA-based carrier recently made the news for its fleet modernization efforts. In a bid to replace older widebody jets, Delta has decided to add 10 Airbus 330-900neo aircraft through an agreement with Airbus and Rolls-Royce (LON:RR). This inclusion has increased the carrier’s order of the next-generation widebody jet to 35. The delivery is expected to commence from 2019.

Zacks Rank & Other Key Picks

Delta currently carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the broader Transportation sector are Matson, Inc. (NYSE:MATX) , CSX Corporation (NASDAQ:CSX) and Canadian Pacific Railway Limited (NYSE:CP) . While Matson carries a Zacks Rank #2 (Buy), CSX Corporation and Canadian Pacific sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Matson, CSX Corporation and Canadian Pacific have gained 8.7%, 9.1% and 8.4% in the past six months, respectively.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>