IB Net Payout Yields Model

Delta Air Lines: No Turkey Here

 

  • After solid traffic demand during the Thanksgiving holiday, Delta Air Lines appears on pace to generate strong profits in Q4'22.
  • The airline continues to trade like the future is cloudy and not represented by ~$4.50 in per share profits over the last 3 quarters.
  • The stock is a gift here trading below 5x 2024 EPS targets.
After a strong Thanksgiving holiday, investors should have no doubt about the rebound in airlines and specifically Delta Air Lines (NYSE:DAL). The company has produced a remarkable rebound in profits, yet the stock is still valued as if a profitable rebound remains in doubt. My investment thesis remains ultra-Bullish on the airline stock with an expectation for a full profit rebound for a stock that was once considered cheap at $60 and now trades below $35.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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