Delta Air Lines‘ (NYSE: DAL) remarkable turnaround after the Great Recession was driven by a commitment to operational excellence, a smart route planning strategy, and an extremely frugal approach to capital spending.
Delta’s operational performance has reached new records in the past two years, with flight cancellations becoming quite rare. Meanwhile, its route network remains more or less the same. However, its capital spending has steadily crept higher in recent years. Should Delta Air Lines shareholders be worried?