11 Best Airline Stocks to Buy Now

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

Number of Hedge Fund Holders: 84

Delta Air Lines, Inc. (NYSE:DAL) is a major airline headquartered in Atlanta, Georgia, that operates scheduled flights for both passengers and cargo worldwide. It works through two business segments: the Airline Segment and the Refinery Segment.

On March 11, UBS analyst Thomas Wadewitz cut Delta Air Lines, Inc.’s (NYSE:DAL) price target to $77 from $90, while keeping a Buy rating on the company. The revision comes after Delta announced a lower-than-expected revenue growth outlook for the first quarter of 2025. The airline had expected revenue growth of 7% to 9%, but has now revised its forecast to 3% to 4%. Delta Air Lines, Inc. (NYSE:DAL) noted many variables for this increase, including fuel prices that are currently $0.05 per gallon more than their initial projection for the quarter.

Despite a slow start to the year, Delta Air Lines, Inc. (NYSE:DAL) showed hope for the near future, reporting high booking levels in April and May. In addition, current patterns within premium and overseas tourism seem strong, thereby suggesting a probable upswing for these sectors.