Adam Levine-Weinberg

Everything Is Coming Together For Delta

This has been a busy week for Delta (NYSE:DAL). The company held its annual investor day on Wednesday morning, after announcing a $360 million deal to buy a 49% stake in Virgin Atlantic from Singapore Airlines (OTCPK:SINGF) on Tuesday. As part of the Virgin Atlantic investment, Delta and Virgin Atlantic also intend to apply for antitrust immunity for a joint venture in the transatlantic market. Delta's consistent record of improvement over the past few years comes through clearly in the slide deck from the investor presentation. Moreover, Delta's recent strategic initiatives position the company well to deliver further profit growth over the next 2-3 years. With the company trading for less than 6X management's forecast...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details