Delta Air Lines Inc. resumed flights at Toronto-Pearson International Airport after a regional jet flipped out of control and skidded along the runway before coming to rest upside down. There were no fatalities, but 21 passengers were injured and taken to hospitals, with 19 since being released.
All but two of the 21 people injured on a Delta Airlines flight that flipped over upon landing in Toronto have been released from hospitals, the airport CEO said Tuesday
Delta Air Lines Inc (NASDAQ:DAL) is in focus after the highly publicized Toronto crash on Monday, in which a flight from Minneapolis, operated by the carrier's regional jet subsidiary Endeavor Air, flipped upside down at Toronto Pearson International Airport.
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The Delta incident comes just weeks after an American Airlines regional flight collided with an Army helicopter, killing everyone involved.
A Delta Air Lines flight was involved in an "incident" upon landing at Toronto Pearson International Airport Monday afternoon, the airport said in a statement. All passengers and crew were accounted for, the airport added.
A plane crashed at Toronto Pearson International Airport on Monday and injured eight people, officials said, with CBC television reporting the plane flipped on landing.
Continued elevated travel demand and Delta Air Lines' strong execution in loyalty and premium products create a strong tailwind. Korean Air's acquisition of Asiana Airlines could strengthen Delta Air Lines transpacific operations out of South Korea. Despite recent gains, Delta's valuation remains below historical averages, presenting a buying opportunity.
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Delta Air Lines leads the industry in total revenues and market cap, driven by strategic network restructuring and fleet optimization over the past 20 years. Delta's growth focuses on restoring regional jet capacity, expanding coastal hubs, and leveraging international partnerships, while maintaining a balanced domestic and international network. Strong financials, industry-leading service, and a robust loyalty program with American Express position Delta for continued success despite economic challenges.
With Delta shares moving north, we assess the investment worthiness of the stock at current levels.
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