5 Best Airline Stocks to Buy Now

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

Number of Hedge Fund Holders: 50

Delta Air Lines, Inc. (NYSE: DAL) is a provider of scheduled air transportation services for passengers and cargo alike in the US and internationally. The company’s fleet comprises roughly 1,100 aircraft and it ranks 2nd on our list of the best airline stocks to buy now.

On June 8th, Jefferies boosted Delta Air Lines, Inc.’s (NYSE: DAL) rating to Buy and forecasted a $7.6 EPS from the company for 2023. It also comments that the company is “best-positioned” for the recovery of the industry. For the first quarter of 2021, Delta Air Lines, Inc. (NYSE: DAL) reported an EPS of -$3.55 versus estimates of -$3.17 and revenue valued at $4.15 billion. The stock gained 12.01% in the past 6 months and 16.09% year to date.

By the end of the first quarter of 2021, 50 hedge funds out of the 866 tracked by Insider Monkey for the quarter held stakes in Delta Air Lines, Inc. (NYSE: DAL). The total value of their stakes was roughly $1.09 billion. This is compared to 58 hedge funds holding stakes in the company worth about $1.06 billion.