Airlines have taken a beating, and for good reason as travel restrictions plague the industry. However, with Treatury department agreed to bail out US airlines, are they a buy now the worry of Airlines going under is gone?
The opposite could be said about Delta Airlines, they have been on a upward trend since the end of 2016, experiencing new highs. Looking at their annual report, operating revenue grew by 7.2% to $11.4 billion backed by 9% increase in premium ticket sales and 18% increase in loyalty revenue. I find Delta appeal at just $22.27 a share. When factoring the bailout they will receive, and a healthy cash position of $4.2 billion in FCF, Delta is a buy in my opinion. I will be adding them to my paper money portfolio for this project.