Delta Air Lines, Inc. (DAL) has recently unveiled plans to increase its number of flights to China, a strategic move aimed at capitalizing on the ongoing recovery in travel demand. Given the pent-up demand for air travel and an expected rebound in profitability, DAL may present a promising investment opportunity this week.
The International Air Transport Association (IATA) has revised its 2023 outlook, predicting the airline industry’s net profits will hit $9.8 billion this year, more than double the previous estimate of $4.7 billion from December 2022.
