Is Delta Air Lines (DAL) Trading at an Attractive Valuation?

Oakmark Funds, advised by Harris Associates, released its “Oakmark Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund returned 10.27% in the first quarter, compared to a 10.56% return for the S&P 500 Index. The fund has returned an average of 12.96% per year since its inception in August 1991 compared to the index return of 10.51% over the same period. The largest contributors to the fund for the quarter were financials and consumer...