What Is the Stock Symbol for Delta Airlines?
From a humble start dusting crops on the Louisiana delta, Delta Airlines became one of the world's leading air carriers. It's hard not to love those beautiful airplanes. If you're an investor, though, you need more substantial information about the company before making an investment decision, starting with the stock symbol for Delta Airlines. This article tells you what is the stock symbol for Delta Airlines. It also provides an overview of the company's history and operations.
Other People Are Reading
-
Identification
-
Delta Airlines stock is a publicly owned corporation listed on the New York Stock Exchange (NYSE) with the stock symbol DAL. Use the stock symbol to locate daily share prices on financial Websites. The company maintains an informative Investor Relations Website, and you can use the link below to go to it for detailed information.
History
-
The company got its start in 1924 with the founding of Huff Deland Dusters, the first crop dusting service in Louisiana. Four years later the firm reorganized as Delta Air Services operating out of Monroe, Louisiana. The first passenger route began on June 17, 1929. It went from Dallas, Texas to Jackson, Mississippi; it had stops in Monroe and Shreveport. In 1941, Delta began flying the new Douglas DC-3, beginning a tradition of operating state-of-the-art aircraft. By 1946, it had flown its one millionth passenger. Following a merger with Chicago and Southern Airlines in 1953, Delta initiated international flights to Latin America. In 1959, Delta was the first airline to put the DC-8 into service, and the company retired the last propeller-driven plane in 1970. Following deregulation of the airline industry in 1978, Delta moved into the transatlantic market. In 1980, they introduced a fully computerized ticketing system. Delta shared the troubles faced by the industry following the 9/11 attacks and rising fuel costs in subsequent years. Delta sought Chapter 11 bankruptcy protection in January, 2005. Yet, unlike many airlines, it did survive, and the company emerged from bankruptcy in April of 2007.
-
Types
-
The company's major activity is operating scheduled passenger flights both domestically and on international routes. The system is built around three service hubs, the largest of which is located in Atlanta, Georgia. That's where Delta is headquartered. They also operate air cargo services and network with regional carriers to provide commuter flights to many small cities.
Size
-
As of 2005, Delta had total revenues of 16 billion. In that year, the company carried 118 million passengers on more than 1,500 daily flights to 461 destinations. As of 2007, the company had streamlined operations, reducing the total destinations to 375 served by a fleet of 452 aircraft with 49 new planes on order. As of 2005, Delta employed 47,000 people.
Features
-
Delta's Investor Relations Website offers a wealth of information, including the ability to download company Annual reports. The Website also features other reports, daily stock quotes, SEC filings, and web casts on current issues. As with any stock, you should research the company before investing. Some special factors merit consideration with airline stocks. The industry is sensitive to economic conditions. It is particularly sensitive to changes in fuel prices. An investor should be prepared to ride out occasional downturns. The positive aspect of this is that such downturns can offer excellent buying opportunities if the company is basically sound.
-
Resources
- Photo Credit Delta Airlines Boeing 767 Photo by Adrian Pingtone
