From Nasdaq, Inc.:

Airline stocks have been strong despite overall S&P 500 performance. Delta’s stock has fallen, but still holds value. The global airline industry is projected to see a 10% rise in net profit in 2024, with a 7.6% jump in revenue. Delta’s revenue is expected to grow by 10% in the quarter.

Analysts expect Delta to earn $1.16 per share on revenue of $13.55 billion for Q4. Revenue is expected to grow by 10% year over year, with full-year revenue projected to rise close to 20%. Delta remains a strong bargain in transportation stocks.

The airline industry is showing signs of recovery. Delta’s Q3 net income grew 58% year over year. Management highlights growing demand and improving business travel. This upward trend makes Delta one of the better bargains in transportation stocks.



Read more: Delta Airlines (DAL) Q4 2023 Earnings: What to Expect