Delta Air Lines Signals Industry Changes Are Real
Delta Air Lines reminded the market that the industry will make the necessary capacity cuts on rising oil prices.
The cheap valuation stand outs based on the level of capital returns.
If you agree that the airline industry has indeed changed, do not pass up the valuation in the sector and especially with Delta.
To anybody that would listen, the airlines have stated repeatedly for the last couple of years that the industry has changed. As the industry has reported unheard of profits over the last couple of years, the rising capacity has brought back fears of the industry of the past.
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