6 Best Airline Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 51

Delta Air Lines, Inc. (NYSE:DLA) ranks 2nd in our list of the best airline stocks to buy according to hedge funds. Recently, Evercore ISI upgraded Delta Air Lines, Inc. (NYSE:DLA) to Outperform rating from in-Line. The investment firm said in a note to investors that Delta Air Lines, Inc. (NYSE:DLA)’s stock has lagged legacy peers like United Airlines and American Airlines in 2023.

Evercore ISI also increased its 2023 EPS estimate for Delta Air Lines, Inc. (NYSE:DLA) by 17%.

Delta Air Lines, Inc. (NYSE:DLA) recently reiterated its Q1 guidance. Delta Air Lines, Inc. (NYSE:DLA) expects revenue growth of 14% to 17% for the quarter when compared to 2019.

EPS in the period is expected to come between $0.15 to $0.40 versus the consensus estimate of $0.33.