Originally Posted by
TenYearsGone
""Delta Airlines Inc. (DAL): Soros Fund Management bought 1,740,800 shares of Delta last quarter. It now holds 1,769,000 shares of the company. Delta Air Lines Inc. is the largest U.S. airline, operating hubs in Atlanta, Cincinnati, Detroit, Memphis, and Salt Lake with a sizable presence in Los Angeles and New York City. Internationally, Delta is the largest transatlantic carrier and has also established a large Latin America presence this decade.
Delta's previous quarter was the most profitable December quarter in its history as most of its financial metrics exceeded the consensus estimates with a strong passenger unit revenue growth (PRASM) in December (13% y-y). Operating margins were at the high end of the guidance as stronger demand contributed to its earnings upside.
Delta's 1Q 2012 guidance suggests strong outlook as revenue trends are expected to remain robust with January's PRASM growth coming in at 15%. Delta's PRASM gains are expected to outpace the industry in 2012 as it gains market share in large corporate accounts due to cost convergence and fare unbundling. Demand driven fears have pulled down Delta's EV/EBITDA multiple during the last couple of quarters. I believe the current valuation levels are attractive and recommend a buy.""
TEN
Yeah, but "AMR is a GAME CHANGER......." ----from
almost every ALPA Rep