5 Best Airline Stocks to Buy Now

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

Number of Hedge Fund Holders: 49

Delta Air Lines, Inc. (NYSE:DAL) is a provider of scheduled air transportation for passengers and cargo. The company operates in the US and internationally.

Melius Research holds a Buy rating on Delta Air Lines, Inc. (NYSE:DAL) as of August 15, alongside a price target of $41.

This September, the CFO of Delta Air Lines, Inc. (NYSE:DAL), Dan Janki, mentioned in an interview with the Wall Street Journal that leisure travel demand remains strong. Janki also added that the company is planning on reducing its net debt to $15 billion by 2024, versus the $23 billion figure on the books at present.

Delta Air Lines, Inc. (NYSE:DAL) had 49 hedge funds long its stock in the second quarter, and 55 funds long its stock in the previous quarter. Their total stake values were $887 million and $1.3 billion, respectively.