5 Best Airline Stocks To Invest In Right Now

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

Number of Hedge Fund Holders: 50   

Delta Air Lines, Inc. (NYSE: DAL) is a Georgia-based airline firm. It was founded in 1924 and is placed second on our list of 12 best airline stocks to invest in right now. It owns and operates a fleet of 1,110 aircraft. In earnings results for the second quarter, posted on July 14, the firm reported earnings per share of -$1.07, beating market estimates by $0.30. The revenue over the period was more than $7 billion, up 385% compared to the revenue over the same period last year and beating estimates by $850 million. 

On July 15, investment advisory Raymond James upgraded Delta Air Lines, Inc. (NYSE: DAL) stock to Strong Buy from Market Perform with a price target of $58, noting that the expectations around the firm had been reset. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Delta Air Lines, Inc. (NYSE: DAL) with 4 million shares worth more than $195 million. 

In its Q2 2020 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and Delta Air Lines, Inc. (NYSE: DAL) was one of them. Here is what the fund said:

“Delta Air Lines Inc. (DAL) declined -1.38% over the period after the initial hit to the stock in 1Q following the outbreak of the COVID-19 pandemic. The company reported 1Q results with EPS of -$0.51, in-line with consensus. The company guided for June revenue to be down 90% YoY and announced another $1B cut to capital expenditures (CAPEX) for a total cut of $3B so far this year. The company ended the quarter with $6B in liquidity and they expect to end the June quarter with $10B in liquidity. Delta held its annual shareholders’ meeting where it noted that it expects to finish the 2nd quarter with over $15B in liquidity with a daily cash burn of $30M getting to breakeven by the end of the year.”