Delta Air Lines: Restored Guidance, Margin Gains, And A Dividend Hike Signal Asymmetric Upside

  • I'm upgrading Delta Air Lines to buy as management has restored guidance, raised the dividend, and demonstrated renewed confidence in their outlook. Delta's competitive edge lies in premium seats, loyalty program growth, cost control, and operational reliability, making it the U.S. airline gold standard. DAL stock's valuation remains attractive at ~10x forward earnings, with limited downside and upside potential into the $60s or even $70 if sentiment improves.