Delta Air Lines Doubles Down In New York As Competition Grows
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Delta Air Lines is doubling down in New York City. The airline is ramping up capacity and will serve nearly 100 domestic and international destinations this July. The airline is positioning itself as offering more flights to and from New York City than any other airline this summer as the competition heats up in the market.
Delta Air Lines intends to remain a major force in New York City. Photo: Vincenzo Pace | Simple Flying
Delta doubles down in New York City
New York City is opening up again. A year after the city shut down due to the COVID-19 pandemic, the recovery is starting to begin in earnest. Delta is positioning itself to operate over 300 daily departures from its hubs at New York’s John F. Kennedy International Airport (JFK) and LaGuardia Airport (LGA). This includes flights operated on regional jets.
Delta Air Lines has responded to American Airlines and JetBlue Airways’ new US Northeast Alliance by launching four new nonstop routes and upgauged service from Boston and New York.
Three of the new routes are from Boston Logan (BOS), with the SkyTeam member adding a 2X-daily service to Dallas/Ft. Worth (DFW) and a 3X-daily service to Charlotte Douglas (CLT) both of which are large hubs for American.
The DFW route will be operated using Airbus A220-100, while the CLT service will be on board Embraer 175 aircraft. Flights will start on Oct. 4.
Service to Toronto Pearson (YYZ) will also grow this year with new flights from BOS and New York LaGuardia (LGA). A 3X-daily BOS-YYZ route begins Oct. 4 a route last operated by Delta in August 2013 with a 2X-daily LGA-YYZ service starting on Aug. 5. Both flights will be operated using E175s.
The competition is heating up in the Northeast. On Friday, Delta Air Lines announced a significant expansion in both Boston and New York, including four new routes and upgauged service, along with expanded VIP departure services and more. The move comes just months after the launch of the nascent Northeast Alliance between American Airlines and …
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Uber Technologies Inc.
Uber is a cyclical company whose services include ride-hailing, food delivery, package delivery, and freight transportation. The company is based in San Francisco and has operations in over 900 metropolitan areas worldwide. It is also one of the largest firms in the gig economy. Impressively, the company is also committed to becoming a fully electric, zero-emission platform by 2040, with 100% of rides taking place in zero-emission vehicles. UBER stock currently trades at $43.81 as of Wednesday’s closing bell.
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Earlier this month, the company announced its first-quarter financials for 2021. In it, it reported that gross booking reached an all-time high of $19.5 billion, up by 24% year-over-year. Revenue for the quarter was $2.9 billion and mobility revenue was $853 million. Notably, its delivery revenue of $1.7 billion grew by 230% year-over-year. The company also ended the quarter with $5.7 billion in cash.