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Aggressive Growth

Delta Airlines, Inc.

October 13, 2008 | Comments: 0
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DAL
Delta Airlines, Inc. (DAL - Snapshot Report) reported record load factors for September. International traffic increased 12.8% year-over-year. The company will also benefit from a huge pullback in the oil prices.

The record numbers were driven by strong yields domestically and abroad, in addition to higher load factors, according to a Delta executive.

Earnings estimates have turned form a net loss to a net gain for the current quarter and next year, within the past month. The consensus for next year is now 75 cents per share, representing more than a 200% increase.

Shares are currently trading at 7 times forward earnings estimates, representing a great discount for the potential growth. The stock has been quite volatile, but could be ready for take off any moment. Take a look at the chart below.

Read the September 15th analysis.

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