DAL - Delta Air Lines: Flying Much Higher
2024-05-19 10:00:00 ET
Summary
- Delta Air Lines has returned to generating strong profits and cash flows, despite the challenges faced during the Covid-19 pandemic.
- The market undervalues airline stocks due to a perception of bankruptcy risks, despite nearly 20 years of limited filings by major airlines.
- DAL stock trades at a fraction of the valuation multiples of other industrial transport stocks, indicating potential major upside.
Over the last week, Delta Air Lines ( DAL ) made a notable move to the post-Covid highs back above $50. While the airlines were nearly left for dead during Covid economic shutdowns, Delta Air Lines quickly returned to generating strong profits and cash flows. My investment thesis remains ultra-Bullish on the airline stock, still trading at a massive discount to industrial transport peers due to irrational fears....
Delta Air Lines: Flying Much Higher