2023-07-17 08:29:00 ET
With fuel prices moderating compared to 2022 and travel demand remaining quite strong, 2023 is shaping up to be a great year for U.S. airlines . Airline stocks have responded, particularly shares of the three biggest carriers that dominate the industry.
Delta Air Lines (NYSE: DAL) stock has already risen 42% since the beginning of 2023 as investors have grown more optimistic. With shares having pulled back in the past few days despite a massive earnings beat, this could be a great time to buy Delta stock.
Three weeks ago, Delta raised its earnings forecast at an investor event. The company boosted its Q2 adjusted EPS guidance by $0.25, to a new range of $2.25 to $2.50.
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Up 42% in 2023, This Airline Stock Can Keep Climbing