Delta Air Lines Started at Citi, Shares are Expected to Outperform Near-Term
<p>Citi analysts initiated a 30-day Positive Catalyst Watch on <a href='https://financialmodelingprep.com/financial-summary/AL'>Delta Air Lines (NYSE:AL)</a> due to their belief that the stock, which holds a Buy rating, has the potential to perform exceptionally well in the upcoming weeks.</p>
<p>The analysts’ optimism stems from the anticipation of Delta's forthcoming earnings report, which he sees as a positive trigger. They expect the guidance and results to address any previous concerns within the market that suggested a decline in demand. Considering the current robust recovery in travel demand, analysts predict that Delta's demand trends remained strong during the second quarter.</p>
<p>The analysts said that any fluctuations in advanced purchase patterns and last-minute bookings are more likely indicative of evolving demand trends rather than a weakening of demand itself. He highlighted Delta's reinstatement of its cash dividend as evidence supporting this point.</p>

NYSE:AL