Dahlman Rose reiterated its Delta Air Lines DAL Buy rating in a research report published today.
In the report, Dahlman Rose states, "We are encouraged to see Delta actively reducing capacity to counteract fuel price increases. For 2H11, Delta reduced its previous capacity growth expectations by 400bps. Post labor day, system capacity will be down 3% y/y (2Q11 up 2%-4% y/y), helped by 8%-10% capacity reduction in trans-Atlantic. In the next 18 months, the company will also remove 120 small gauge domestic aircraft and 20 mainline aircraft."
Shares of Delta Air Lines were trading at $10.00 at the time of posting, up 0.10% from Tuesday's market close.
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