5 Best Airline Stocks to Invest In Right Now

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

Number of Hedge Fund Holders: 56

Delta Air Lines, Inc. (NYSE:DAL) is an airline company that flies passengers and cargo in the U.S. and abroad. It has two segments: Airline and Refinery. It has hubs in 14 cities across the world and sells tickets through various channels. It also offers aircraft maintenance, vacation packages, charters, and programs. It has about 1,250 planes.

As of the end of the second quarter of 2023, 56 hedge funds out of the 910 funds in Insider Monkey’s database had stakes in Delta Air Lines, Inc. (NYSE:DAL). Thomas E. Claugus’ GMT Capital is the largest stakeholder of the company, with 6.34 million shares worth $301.47 million. On September 18, Citi analyst Stephen Trent reduced the price target on Delta Air Lines, Inc. (NYSE:DAL)to $64 from $67, all while upholding a ‘Buy’ rating.

Here is what Miller Value Partners specifically said about Delta Air Lines, Inc. (NYSE:DAL) in its Q3 2022 investor letter:

“Delta Air Lines, Inc. (NYSE:DAL) ($29.42) is a high-quality airline (yes, there really is such a thing!). It didn’t issue any equity in the pandemic. It focuses on delivering a superb customer experience and has brand loyalty (including a stable revenue stream from partner American Express, growing at 20%/ year). Maybe the best evidence: it’s managed to outperform the S&P 500 over the past decade despite a horrible pandemic ending point (+13.2% vs. 11.7%1 ). It trades for 4x 2024 earnings! If it eventually trades at Southwest’s historical valuation, it implies this stock should double as well.”