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Friday, April 18, 2014

Delta Airlines and its Fiscal Year report.

Delta Airline in fiscal year 2013 reported strong results than all the other carriers in the airline industry. DAL Stock Price surged 130% after the announcement of strong results, as for the two year in a row the company’s performance has been outstanding. The analysts became concerned after the Delta Airline posted such strong results, as they started worrying for any further growth possibility in company’s revenues. Delta Airline in fiscal year 2013 generated around $5 billion operating cash flows that reflected as $2.1 billion free cash flow for the year. This cash flow helped the company to spend around $250 million by providing benefits pension plans and more. The analysts expect the DAL Stock Price to perform well in fiscal year 2014 as well. Because delta airline is reducing its fuel costs by 7% in mainline aircraft. The passenger’s traffic is increasing each day, and the people around the globe are traveling more than ever before that can also be helpful for the company to grow.