Up 46%, Is Delta Air Lines Stock a Buy?
Delta Air Lines (NYSE: DAL) stock is up 62% over the last year and 46% since the beginning of 2023. The stunning stock move comes as the company has overcome a wall of worry over the prospects for the travel industry. An expected slump in demand caused by rising interest rates hasn't happened yet.
It makes sense to frequently re-examine the case for buying or holding a stock, particularly after such a powerful move. So here's the lowdown.
Although a slump in air travel hasn't appeared yet, it doesn't mean that it might not happen in the future. While the risk of a protracted slowdown in the economy hangs over nearly every stock you might buy on the market, not every stock has the risk profile of an airline in the current environment.
Source Fool.com
travel BV ADR Aktie
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