The stock price of Delta Airlines (NYSE: DAL) crept up just over 1% in the early hours of Friday trading; currently trading around the $41.65 zone after a significant drop-off last week.
Delta Airlines announced today that it will be expanding its flight routes, with a specific focus on increasing travel to Panama. The new flights to Panama City, Panama will be non-stop, flying from Los Angeles, Orlando, and New York-JFK. In total, Delta will be offering 13 weekly flights between major US cities and Panama, capitalizing on the tropical spoils of Panama for the further diversification of tourist destinations.
Luciano Macagno, Managing Director of Latin America, Caribbean and South Florida operations, stated: “From its breathtaking beaches and vibrant culture to its competitive economy in Latin America, Panama is a highly sought destination for business and leisure travelers alike”.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Adding: “With our new direct flights from our L.A. and JFK hubs that offer significant U.S. connectivity, as well as the demand from the local Orlando community, we’re looking forward to introducing Delta’s signature hospitality and exceptional onboard experience to more customers planning their next trip.”
Like the majority of airlines or travel-based companies, Delta had a tough time during the pandemic, seeing a price drop of over 50% following the global lockdowns, slowly recovering as we ease back to normality. DAL stock is trading at around the $41.60 mark – still retaining daily gains of just over 1%.
Is Now a Good Time to Invest In Delta Airlines Shares?
Travel stocks, including Delta Airlines shares, have been severely impacted by the coronavirus pandemic and subsequent travel restrictions. Hotels, airlines, cruises, and car rental companies have all been affected, but could now be a good time to buy travel stocks at a discount? Are DAL shares included on our list of the best travel stocks to buy? Here’s what our analyst had to say on the issue…
