Michael Boyd, president of Boyd Group, told CNBC’s “Squawk Box” that Delta Air Lines will be a “viable carrier” as it emerges from bankruptcy.
The company emerged from bankruptcy Monday after a 19-month reorganization. It rejected a hostile takeover by US Airways Group. On Thursday, Delta’s stock will trade under its old symbol, DAL, on the New York Stock Exchange.
“Delta, American, Northwest and Continental focused on adding international flights to their domestic market,” Boyd said Monday. “They’re not pulling out of domestic markets. But let’s remember that the name of the game not just cost, but revenue. Revenue stream is where the future is and Delta in the right position for that – international revenue streams plus domestic revenue driven by growth areas like Montgomery, Ala., Shreveport, La., and Erie, Pa.”