The airline industry is notorious for its various operational challenges, including volatile fuel prices, unpredictable demand trends, labor issues, and various regulatory concerns. That often translates to razor-thin margins for even the most successful airlines, and there has been quite a bit of consolidation in the industry over the years as smaller players have struggled to survive, let alone compete.
Given that, it may surprise investors to learn that the single highest-rated stock among S&P 500 Index ($SPX) components is none other than Delta Air Lines (DAL), which has earned a unanimous “Strong Buy” recommendation from all 15 analysts tracking the shares. So what's the forecast for this airline stock in 2024 - and are Delta shares worth scooping up at current levels? Here's a closer look.
