U.S. Markets close in 6 hrs 23 mins

Delta to Resume U.S.-China Flight Services Jun 25 Onward

Zacks Equity Research

Delta Air Lines, Inc. DAL is set to resume service between the United States and China as travel restrictions ease, making it the first U.S. airline to re-start flights to the nation after the temporary halt since February due to the COVID-19 outbreak.

Effective Jun 25, the carrier will re-start flights between Seattle and Shanghai-Pudong via Seoul-Incheon, operating twice a week. From July onward, it will operate flights once a week from Seattle and Detroit, also via Incheon. Delta will utilize the A350 aircraft to operate the Shanghai Pudong-Seattle route.

In order to create a safe environment for passengers, the carrier is constantly improving safety standards based on expert medical advice and customer feedbacks. Apart from sanitizing all aircraft, the airline is using air circulation systems that remove more than 99.99% of particles, including viruses. The carrier is also providing passengers with more space in the aircraft to maintain social distancing, by blocking middle seats and limiting the number of passengers onboard. In international flights, Delta is capping seating at 75% in Delta One suite, and 60% in Delta Premium Select and Main Cabin. Passengers are required to wear face coverings throughout the duration of the flight, except during meals. They may avail of complimentary masks on request.

Delta Air Lines, Inc. Price

 

Delta Air Lines, Inc. Price

Delta Air Lines, Inc. price | Delta Air Lines, Inc. Quote


Zacks Rank & Key Picks

Delta carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Transportation sector are Scorpio Tankers Inc. STNG, Teekay Tankers Ltd. TNK and Frontline Ltd FRO. While Frontline sports a Zacks Rank #1 (Strong Buy), Scorpio Tankers and Teekay Tankers carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Scorpio Tankers’ current-year earnings has been revised upward in excess of 100% in the past 60 days.

The Zacks Consensus Estimate for Teekay Tanker’s current-year earnings has been revised 35.6% upward in the past 60 days.

The Zacks Consensus Estimate for Frontline’s current-year earnings has been revised 17.1% upward in the past 60 days.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
 
Frontline Ltd. (FRO) : Free Stock Analysis Report
 
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
 
Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research