10 Best Fundamentally Strong Stocks to Buy for Long Term

7. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 68

On June 7, CNBC reported that Delta Air Lines, Inc. (NYSE:DAL) is targeting leadership in the trans-Pacific market. Its President, Peter Carter, said the carrier plans to become the leading US airline across the Pacific and ultimately the leading global airline. He disclosed that the airline firm expects part of that growth to come through its joint venture with Korean Air, which is merging with Asiana Airlines.

CNBC reported that Delta Air Lines, Inc. (NYSE:DAL) earned more than $5 billion in net profit last year compared to around $3.35 billion for United Airlines. However, the former earned $2.79 billion in trans-Pacific revenue compared to United’s roughly $6.89 billion. Both carriers are expanding international networks. CNBC reported that Delta recently launched Los Angeles-Hong Kong service, while United plans nonstop flights between San Francisco and Sapporo.

United CEO Scott Kirby told CNBC he welcomed the competition, while Carter said Delta would keep on chasing growth despite United’s challenge. He said, “Bring ’em on.”

Delta Air Lines, Inc. (NYSE:DAL) schedules air transportation for passengers and cargo. It works through the Airline and Refinery segments.