2024-07-13 10:10:28 ET
Summary
- DAL stock has gained 8.45% since February 2024, underperforming the S&P 500.
- Second quarter results show underwhelming performance, missing estimates on both top and bottom lines.
- Strong demand for premium products overshadowed by challenges such as oversupply of seats and higher fuel expenses.
Investment Thesis
The last time I talked about Delta Air Lines (NYSE: DAL ), I discussed the company’s FY23 fourth quarter results and argued why a combination of a resurgence in international travel and strong demand for the airline’s premium products supports its long-term growth story. I had a BUY rating on the stock. Since my article was published in February 2024, the stock has gained 8.45%, underperforming the S&P 500, which gained 13.2% during the same period. ...
Read the full article on Seeking Alpha
For further details see:
Delta Air Lines: Multiple Headwinds Call Growth Story Into Question