Think Delta Air Lines Is Expensive? This Chart Might Change Your Mind.

Investors might not consider Delta Air Lines (DAL -4.33%) stock expensive due to its low price-to-earnings ratio of just over 8 times earnings. Still, some of them do stress over Delta's adjusted net debt of $16.9 billion and the traditional cyclicality of its revenue and earnings. That said, I think the risk is a lot less than in previous years. Here's why. Airline profitability Why Delta will continue to outperform There are many reasons for this bifurcation: It all comes together to create an environment ...