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.