Q3 - OE_Strengths
What do you see as Delta’s particular strengths?
"They're great operators. They have good transparency. High quality. Solid financials. Good capital allocation."
Q4 - OE_Weaknesses
What do you see as Delta’s particular weaknesses?
"The industry they operate in. Most of it is the industry that they operate in. Regulation. Regulatory issues. Nothing company-specific, it's more regulatory overall. There's a high degree of scrutiny on the industry from a public policy perspective, so it's a potential risk factor. And the industry overall obviously has gotten painted with a negative brush from a customer satisfaction perspective. More their peers, but they're kind of grouped in. That has hurt the overall industry."
Q6 - OE_StrategyElements …show more content…
All airlines. Those would be the main ones."
Q12a - OE_PreferredInvestment
Thinking about Delta along with its peers, which company is your preferred investment?
"Delta."
Q12b - OE_PreferredInvestmentWhy
Why do you say that? (Reasons for preferred investment)
"Delta. We like the industry. We think the majority of the companies are undervalued, and we have investments in all of them. But Delta does have the highest, the combination of attractive valuation along with superior operations and continued improvability."
Q12d
Why did you give that rating? (Reasons for overall opinion of the airline industry as an investment opportunity)
"6 [6-pt scale]. We're believers and we've been early believers that the industry is structurally different than it has been historically, and we do not think that is reflected in the current valuations of the airlines. The cash flow and the profits are much more sustainable than they have been historically, but they're still priced as extremely cyclical business with high risk of very negative scenarios in recessions or in the down cycle."
Q13 - OE_MeetExceed12-24Months
What do you believe Delta needs to accomplish over the next 12 to 24 months to meet or exceed your expectations for the
What do you see as Delta’s particular strengths?
"They're great operators. They have good transparency. High quality. Solid financials. Good capital allocation."
Q4 - OE_Weaknesses
What do you see as Delta’s particular weaknesses?
"The industry they operate in. Most of it is the industry that they operate in. Regulation. Regulatory issues. Nothing company-specific, it's more regulatory overall. There's a high degree of scrutiny on the industry from a public policy perspective, so it's a potential risk factor. And the industry overall obviously has gotten painted with a negative brush from a customer satisfaction perspective. More their peers, but they're kind of grouped in. That has hurt the overall industry."
Q6 - OE_StrategyElements …show more content…
All airlines. Those would be the main ones."
Q12a - OE_PreferredInvestment
Thinking about Delta along with its peers, which company is your preferred investment?
"Delta."
Q12b - OE_PreferredInvestmentWhy
Why do you say that? (Reasons for preferred investment)
"Delta. We like the industry. We think the majority of the companies are undervalued, and we have investments in all of them. But Delta does have the highest, the combination of attractive valuation along with superior operations and continued improvability."
Q12d
Why did you give that rating? (Reasons for overall opinion of the airline industry as an investment opportunity)
"6 [6-pt scale]. We're believers and we've been early believers that the industry is structurally different than it has been historically, and we do not think that is reflected in the current valuations of the airlines. The cash flow and the profits are much more sustainable than they have been historically, but they're still priced as extremely cyclical business with high risk of very negative scenarios in recessions or in the down cycle."
Q13 - OE_MeetExceed12-24Months
What do you believe Delta needs to accomplish over the next 12 to 24 months to meet or exceed your expectations for the