Investago TV | Stock of the week | Delta
Delta Air Lines, emerging robustly from the pandemic, registered a significant revenue increase to $58 billion in 2023, up 14.6% from the previous year. Despite this growth, Delta’s stock faced a near 10% drop post-earnings, primarily due to tepid 2024 free cash flow guidance. The company now trades at an attractively low forward P/E ratio of 6, against a backdrop of broader economic uncertainties and concerns about the airline industry.
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