Let us have a look at the charts of certain stocks of airlines companies and single out those that still may grow.
Tag: delta air lines
The coronavirus COVID-19 pandemic struck the tourist industry most severely; the tourist industry, in its turn, pulled down airlines. Stocks of the world's largest airlines fell to a minimum costs and the companies started filing for bankruptcy. Passenger flow shrunk by over 80%; nowadays, airlines struggle to fill their airplanes with passengers and survive the crisis.
Today, I will reveal other aspects of risks in the sector of air transportation and give hints on how to make money on them; also, we already have the information about the income of airlines in the first quarter.
The coronavirus pandemic has made one of the hardest hits to the entire aviation industry. The stocks of many airlines have become cheaper by more than 70%. Any investor is now able to buy the stocks of any of those companies at the lowest price possible.
The 12-year cycle of the growth of the US economy is going on. This is the longest period to be without a crisis. The beginning of 2020 keeps cheering investors up, the stocks keep renewing all-time highs. The ones who bought them earlier grow happier.
Delta Airlines (NYSE: DAL) is one of the largest US air companies. Founded in 1924, it is headquartered in Atlanta, GA. The company owns 893 airplanes, all used for passenger shipping. Thankfully, Delta has never used Boeing 737 MAX 8, which is now under temporary ban after the accident in Ethiopia, which means the number of flights is not going to be reduced.