Delta Air Lines, Inc. (DAL) Leads Pack of Soaring Airline Stocks: DeNardi

If airline stocks were a gaggle of geese flying in formation through the summer sky, then Delta Air Lines, Inc. (NYSE:DAL) would be their leader, guiding them to their destination. That according to Joseph DeNardi, an analyst with Stifel Nicolaus, during an interview today on CNBC.

Delta Air Lines, Inc. (NYSE:DAL)

“You  now have five or six airlines either paying a dividend or buying back stock; that’s a huge difference between this cycle and past cycles, so I think that says a lot about how the industry has changed and we think it is suitable as an investment,” DeNardi said, speaking of the U.S airline industry as a whole.

DeNardi added that while Delta Air Lines, Inc. (NYSE:DAL) is his favore pick from the group, that he would, in fact, buy any of them, and that he sees all of them as trading at significant discounts to the S&P. In the specific case of Delta Air Lines, Inc. (NYSE:DAL), despite the stock having more than quadrupled in value over the past two years from just $9.11 on August 24, 2012, to $40.28 today, DeNardi believes the stock has a greater climb yet to undertake before it reaches its peak. He currently has a price target of $50.00 on the stock, and a ‘Buy’ rating.

Delta Air Lines, Inc. (NYSE:DAL) has undertaken several initiatives over the past few years that have greatly improved their operations. They’re in the process of retiring some of their smaller jets, replacing them with larger, higher-margin ones. Their partnership with the UK-based Virgin Atlantic in 2012 has also paid big dividends, with the two companies now ranked second in terms of market share with the prominent New York to London route. Delta Air Lines, Inc. (NYSE:DAL) has also made big strides towards setting up a profitable hub in Seattle, and gobbling up share from market leader Alaska Airlines.

U.S. airlines as a whole have experienced a banner year thus far, with industry-wide profit margins doubling in the first half of the year according to Airlines for America.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!