Big capital allocation moves at Delta Air Lines

|About: Delta Air Lines, Inc. (DAL)|By:, SA News Editor

Delta Air Lines (DAL +2.3%) plans to buy back $2B worth of its own shares by 2016 on top of a 50% hike in its quarterly dividend payout rate to $0.09/share.

The capital allocation moves come after Delta reduced its net debt by $2.6B at the end of Q1 from the end of 2012. The company says its debt reduction plan is ahead of schedule.

Subscribe for full text news in your inbox