Delta Air Lines (DAL) reported strong first-quarter earnings on April 20, 2023, beating analyst expectations. The airline's adjusted earnings per share of $0.25 were well above the consensus estimate of $0.15. Revenue of $12.8 billion was also up 12% year-over-year.
Delta's results were driven by strong demand for air travel. The company said that passenger revenue was up 15% year-over-year, and that business travel demand was particularly strong. Delta also benefited from higher fuel prices, which helped to offset some of the cost increases the company is facing.
Is Delta Air Lines a Buy?
The strong earnings report has some investors wondering if Delta Air Lines is a buy. The company's stock price is currently trading around $42 per share, which is below its pre-pandemic high of $60 per share.
There are a few factors to consider before investing in Delta Air Lines. The company is facing some challenges, such as rising fuel prices and labour shortages. However, the airline is also well-positioned to benefit from the continued recovery in air travel demand.
Overall, Delta Air Lines is a solid company with a bright future. The stock is currently undervalued, and it could be a good long-term investment.