5 Best Travel Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 53

Delta Air Lines, Inc. (NYSE:DAL) is a Georgia-based company that provides air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. It is one of the leading travel stocks to consider. Delta Air Lines, Inc. (NYSE:DAL) expects passenger levels to increase approximately 5% to 9% in Q4 2022 as compared to the same period in 2019.  

On December 20, Citi analyst Stephen Trent raised the price target on Delta Air Lines, Inc. (NYSE:DAL) to $59 from $55 and kept a Buy rating on the shares. Delta Air Lines, Inc. (NYSE:DAL)’s combination of international route exposure, seat mile cost dilution, and relatively stable fuel prices should support the shares over the next year, the analyst wrote in a research note. The analyst continues to see Delta Air Lines, Inc. (NYSE:DAL) as his favorite U.S. carrier. 

According to Insider Monkey’s data, Delta Air Lines, Inc. (NYSE:DAL) was part of 53 public stock portfolios at the end of Q3 2022, compared to 49 in the prior quarter. Jim Simons’ Renaissance Technologies held the largest stake in the company, comprising 8.8 million shares worth $247.3 million. 

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.”