Delta Airlines (DAL) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss the results of Delta’s first quarter report. Jenny talks about strength across the board for travel industry stocks and Delta (DAL) reporting $9.3B in 1Q sales which is well above expectations. Jenny says pent up consumer demand for travel and looks at the current trends that are pointing toward a summer travel boom. Alex weighs in on how the pandemic pause in travel means airlines were going to have to raise prices anyway to make up for lost time, but he talks about inflation and rising gas prices as an excuse that airlines can point to as a reason to raise ticket prices. Finally, Alex did an example trade using Delta (DAL) buying a one in one out vertical call.
19 Apr 2022