In an attempt to attract the supporters of college football's
Bowl Championship Series (BCS), mega airline carrier
Delta Air Lines Inc.
) has added numerous flights to the cities hosting the BCS bowl
games. The BCS bowl games take place the first week of January
Notably, the Bowl Championship Series includes five bowl games
among the year's top teams in NCAA Division 1 Football. Competing
for the championship early next year will be the Florida State
Seminoles and the Auburn Tigers at the Rose Bowl in Pasadena, CA on
Delta wants to draw the traveling supporters and will launch
different flights between Los Angeles, Tampa, Alabama, Atlanta,
Detroit, New Orleans and Oklahoma, to name a few. While fans
across the major part of the nation will benefit from Delta's
expanded network, the carrier too will enjoy brisk business.
Delta expects a surge in its 2013 profits from these added flights.
The company estimates pre-tax profits, excluding special items, to
shore up 70% year over year to $2.6 billion this year. Further, it
also foresees its debt position to decline to $9.6 billion in 2013
from $11.7 billion in 2012.
The airline carrier also expects revenues of $40 billion in 2014.
Further, the rating firm, Moody's Investors Service recently
upgraded Delta's outlook from stable to positive on margin growth
and improvement of leverage position in 2013. These positives lead
us to maintain a bullish stance on the company.
(We are reissuing this article to correct several mistakes. The
original article, issued earlier today, Monday, December 16, 2013,
should no longer be relied upon.)
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