Why Is Delta Air Lines Still Trying To Kill The Boeing Party?
- Delta Air Lines continues to tell anybody that will listen the purchase prices for used 777s.
- Along with a downgrade, Boeing is down sharply on the news.
- The recommendation is for investors to continue focusing on the order book for narrow-body planes and ignore the noise generated by a customer looking for cheaper planes.
In an interesting news twist, Asia's largest carrier agreed to purchase 110 Boeing (NYSE:BA) airplanes, yet the market appeared more interested in the cost of one used plane. The news bits continued a spate over the last several months regarding a glut in the airplane market and specifically the wide-body jets. See my original research on the issue here.
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