Delta Air Lines, Inc (NYSE:DAL) not bothered by the Ebola Virus
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Delta Air Lines, Inc (NYSE:DAL), which flies more often to Africa than any other U.S airline, stated that it is observing its bookings and there has been no reduction in them in spite of the Ebola virus fear. The airline’s Chief Revenue Officer said that they keenly observe the booking trend and there has been no change in it whatsoever.
Airline stocks have suffered because of the paranoia diffused all around regarding the Ebola virus. It was being reported that people will refrain from travelling at all, but according to Delta (NYSE:DAL), that is not the case. Ebola has wrecked Western Africa and health organizations fear that it’ll keep on spreading to other countries.
The virus hasn’t deterred Delta (NYSE:DAL) from making profits as its shares rose up by 3.6 percent to 33.54 dollars. Investors are also happy with the airline’s revenues. The third quarter results showed that Delta (NYSE:DAL) made 357 million dollars this quarter.
Delta (NYSE:DAL) stated that it is in close association with all the leading world health organizations and it has taken every necessary step to pin down the symptoms of the virus in passengers arriving at airports. The protocol is strict in Africa as Delta Air Lines, Inc (NYSE:DAL) claims that it is fully dedicated to the curbing of the virus and is playing its part.
Earlier there were reports that workers were reluctant to work at African airports because of the fear of the Virus but Delta (NYSE:DAL) has rejected these reports as rumors, stating that every employee of Delta (NYSE:DAL) is taking it as a challenge. Delta (NYSE:DAL) claims that they’ve installed the screening procedures, also established health hygiene procedures such as using disinfectants before every flight.
News about Delta (NYSE:DAL) sales and other airline revenues slowing down turned out to be false as Delta (NYSE:DAL) posted a healthy revenue in the third quarter. Delta Air Lines, Inc (NYSE:DAL)’s operating revenue from July to September was 7 percent higher than that of last year’s. Passenger revenue showed 6 percent growth as compared to last year while available seat miles got upped by 3.2 percent in the third quarter results.
Delta Air Lines, Inc (NYSE:DAL) CEO said that they are looking forward for making great revenue in the fourth quarter. Delta Air Lines, Inc (NYSE:DAL) is anticipating 12 percent operating margins. Delta Air Lines, Inc (NYSE:DAL) is pushing the bar higher and higher when it comes to a reliable airline, providing efficiency and great customer care.
Delta Air Lines, Inc (NYSE:DAL)’s positive run is affecting other airlines too. Stocks of U.S. airline were up by a value of 2.17% ($76.45) on ARCA Airline Index of the New York Stock Exchange. As far as reductions in bookings are concerned, we’re not going to see that anytime soon. Be it Ebola or any other virus, people will still take the plane to travel far off. What’s best would be to take strict measures to prevent the spreading of the virus.