DAL shares climbed after Delta announced plans to repurchase as much as $2 billion in DAL stock by the end of 2016. The third-largest U.S. airline also indicated that it will boost its quarterly dividend to 9 cents per DAL share, up 50% from 6 cents, the Wall Street Journal noted.
Delta said that its debt fell to $9.1 billion at the end of March, and plans to cut adjusted net debt to $7 billion next year. The airline has reduced its debt by $2.6 billion since 2012.
On Monday, DAL stock closed at $37.55 per share.
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