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Delta Air Lines rose 3.54% to $29.80 yesterday after the airline announced it plans to spend $770 million on interior improvements for its various aircraft.
Delta announced it would spend the money through 2016 to refresh the interiors of its narrow-body craft, Boeing 757-200, 737-800, Airbus A319 and A320 airplanes. The company plans to use the money to offer power in each seat, to add new slim-line seats with adjustable headrests, to update the bathrooms on the aircraft, to add more efficient galleys and to improve other areas of passenger convenience and comfort during flight.
We remain buyers of the stock with a price target of $33/share. To download out latest in-house report on Delta log into your webtrader account.
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