DAL - This High-Flying Stock's $10 Billion Secret Weapon
2024-03-30 03:44:00 ET
Everyone recognizes Delta Air Lines (NYSE: DAL) as a global transportation giant, ferrying millions of passengers worldwide. While this is true, there's another perspective to consider: Delta is a "plutonomy stock." This term refers to a stock that stands to gain from the growing trend toward wealth imbalances, where the affluent continue to amass wealth.
I'm not advocating for this trend, but I am suggesting that Delta could be a lucrative investment if you believe this trend will persist. Here's why.
First, as Delta's management pointed out during its Investor Day presentation in 2023, "75% of the revenue in our industry is generated from households that have a household income of $100,000 or more, which is the top 40% of consumers in our country."
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This High-Flying Stock's $10 Billion Secret Weapon