Delta Air Lines, Inc. (NYSE:DAL) and Alaska Air Group, Inc. (NYSE:ALK) are flying high in timely flights while their peer Southwest Airlines Co (NYSE:LUV) falls, Phil LeBeau reported recently on CNBC.
According to Phil LeBeau, timely flights were actually less in the month of May. He explained the reason for this saying:
“More delays in the month of May. In fact, when you look at the May on-time arrival percentages, they dropped a little bit compared to April. 76.9% of the flights on time in May. Again, about 3% below where we were in April. Fewer flights on time in May in part because of weather delays.”
The CNBC reporter then went on to list who did the best and worst in terms of on-time flights.
According to LeBeau, Delta Air Lines, Inc. (NYSE:DAL) and Alaska Air Group, Inc. (NYSE:ALK) along with Hawaiian Holdings, Inc. (NASDAQ:HA) had the best record for May. Hawaiian had the highest number of on-time flights, he said, because the weather to where they are going is always better. Delta Air Lines and Alaska Air had 89.7% and 84.4% on-time flight percentages respectively.
However, Southwest Airlines Co (NYSE:LUV), LeBeau noted had the worst performance with just 71.8% of flights on time.
Watch the report below and find out why United Continental Holdings Inc (NYSE:UAL) had an unfortunate special mention.
Delta Air Lines, Inc. (NYSE:DAL) investors includes Par Capital Management managed by Paul Reeder and Edward Shapiro which reported about 5.45 million shares in the airline by the end of March. Another Delta Air Lines, Inc. (NYSE:DAL) investor is John Armitage’s Egerton Capital Limited which reported about 5.34 million shares also in the same period.
Hedge funds with positions in Alaska Air Group, Inc. (NYSE:ALK) includes Ric Dillon’s Diamond Hill Capital which reported by the end of the first quarter of this year a stake that is comprised of 131,955 shares. Quincy Lee’s Ancient Art (Teton Capital) also reported 117,420 shares in the Alaska Air Group, Inc. (NYSE:ALK).
Southwest Airlines Co (NYSE:LUV) shareholders includes David Harding’s Winton Capital Management which held about 1.49 million shares in the company by the end of March. Another Southwest Airlines Co (NYSE:LUV) shareholder is D E Shaw which had about 1.39 million shares also in the same period.