1 High-Flying Aerospace Stock to Buy Hand Over Fist and 1 to Avoid
(NYSE: BA) and Delta Air Lines (NYSE: DAL) have much in common, but their differences matter enough to make one stock a buy and the other worth avoiding. Here's a look at both companies and why one is much more attractive than the other.
The airline industry is on a steady path to recovery, with robust revenue and profit growth projected for 2024. The International Air Transport Association's (IATA) latest industry forecasts further bolster this optimistic outlook. The IATA anticipates $996 billion in airline revenue in 2024, a 9.7% increase from the previous year. Global airline net profits are projected to increase by 11.1% to reach $30.5 billion in 2024, significantly surpassing IATA's prior forecast of $25.7 billion for 2024.
There's no denying the airline industry's upward trajectory, which bodes well for Delta Air Lines and Boeing. A thriving commercial flight market translates to increased ticket revenue and capacity expansion for Delta, while the industry's growing profitability signals a surge in orders for Boeing.
Source Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 37 Buy predictions and 4 Sell predictions.
As a result the target price of 222 € shows a positive potential of 33.27% compared to the current price of 166.58 € for Boeing Co..
