Delta’s annual Investor Day is a great opportunity to get a road map of the company’s plans for 2016 and hear directly from CEO Richard Anderson, President Ed Bastian and other top executives as they talk to investors and Wall Street analysts.
To kick the day off, Anderson stopped by CNBC’s “Squawk Box” to talk about a range of topics including competition, energy costs, and security.
Anderson first explained why airlines should be valued more like an S&P industrial. “We have to prove ourselves to the marketplace that we can be successful through the cycle, and that means de-risking the balance sheet and being certain that we have diversity of revenues across the world and across different product segments,” he said. “We just want to be the best in the marketplace and our financials have shown that we are the best in the marketplace.”
Anderson also told CNBC the airline expects to save about $3 billion in fuel costs by next year.
See Richard Anderson’s full interview here.