IB Net Payout Yields Model

Delta Air Lines: So Unloved

Delta Air Lines obtained $5.4 billion in government aid.
The airline stocks trade at constant discounts to the troubled cruise liners despite better business prospects.
The stock trades at a substantial discount to the market at only 4.8x drastically reduced forward EPS estimates.
For years now, Delta Air Lines (DAL) has been the best-run legacy airline, yet the stock was never loved by the markets. The airline always traded at far lower ratios than the other transport stocks and now the lack of love is apparent compared to the cruise lines. My investment thesis remains highly bullish on the airlines and particularly Delta as a safe bet for an eventual rebound in air passenger traffic rebound.
Read the full article on Seeking Alpha. 

Disclosure: Long UAL. Please review the disclaimer page for more details. 


Anonymous said…
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Anonymous said…
Mark Holder and Delta have a lot in common. Both are unloved piles of shit.

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