Delta Air Lines has effectively positioned itself to see significant growth in 2013 if certain factors remain stable, Adam Levine-Weinberg writes. Cost-cutting measures, a significant investment in Virgin Atlantic and the potential for the airline-owned oil refinery are all likely to culminate in 2013 to generate strong performance in the stock market, he writes.
Southwest Airlines posted a 1% gain in passenger revenue per available seat mile and a 1.5% decline in traffic for November compared to a year ago. The figures include those of AirTran Airways, which was purchased by Southwest in May 2011.
Swelblog.com says that the Business Travel Coalition's latest campaign, "We the People," shows that the consumer is not its primary interest. "[I]t is impossible for the BTC to represent air travel consumers because it represents, and advocates for, a sector of the industry that monopolizes airlines," this blog says.
The CEO of United Continental Holdings, Jeff Smisek, told CBNC on Friday that if Delta Air Lines is successful with its oil-refinery endeavor, United Airlines may follow suit. "If it works for Delta it can work for us, and it's completely reproducible," Smisek said. Delta's purchase of a refinery in Pennsylvania is an unprecedented attempt to reduce jet-fuel costs.
Delta Air Lines has purchased a 4% stake in Mexican carrier Aeromexico for $65 million. The two airlines have participated in code-sharing benefits. "The benefits of connectivity and strength are of great value to our customers worldwide," said Richard Anderson, CEO of Delta, in a statement.