By Emily Knapp
June 03 2011
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Delta Air Lines Inc. (NYSE:DAL) announced?Friday that its May traffic rose 2.2% to 16.63 billion revenue passenger miles, up from 16.28 billion the same time last year. However, capacity also rose in May by 2.2% to 19.82 billion available seat miles, meaning the percentage of seats filled with passengers remained at 83.9%. Delta shares are down 0.52% today.
While many large airlines aren?t faring well in this economy, especially amid increasing fuel costs and today?s employment data report, smaller niche airlines are actually reporting growth. Alaska Air Group (NYSE:ALK), Hawaiian Airlines (NASDAQ:HA), and Spirit Airlines (NASDAQ:SAVE) are all expecting increased revenue in the next year. Alaska?s shares are up 9.63% in the last 3 months, and the airline expects to grow 7-9% annually along the west coast. Hawaiian has the opportunity to add Asian destinations in the next few years, and Spirit Airlines, which just had its initial public offering on May 27, has a lot of growth potential as its prices continue to beat out bigger airlines like American (NYSE:AMR) and Southwest (NYSE:LUV) for flights in North America. Projections show Spirit growing 15% annually in the foreseeable future.
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Source: http://wallstcheatsheet.com/trading/investing-in-airlines-weathering-the-storm.html/
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