Originally Posted by
khergan
Most of their bases, not with anyone. But they are in pretty fierce competition with everyone in LAX, and with AS in Seattle. I guess AA and B6 if you count JFK/LGA.
I guess I'm curious to see what their "secret sauce" is because they consistently have much, much higher margins than us.
Wall Street, aka, big $$$ investors, currently puts a premium on DL vs UAL based on market cap of which DL is 25% higher even as UAL is larger and has more high margin WBs. Maybe it’s a CEO premium (although SK made 25% more than EB last year)? non union vs union FAs? DL certainly competed extremely well against wn in ATL as wn has massively been reducing ops there the past couple of years. or maybe it’s the hat and double breasted van admiral premium?