Cost Savings in Motion at Delta Air Lines
If you're looking for further signs of maturity in the airline industry, consider Delta Air Lines' (NYSE: DAL ) plans to lower costs by $300 million a year via a mix of old and new planes.
That savings might not seem significant to an airline with a revenue base of around $37 billion, but investors need to remember that Delta only has a market cap of $20 billion, and annual profits approaching $2 billion.
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