David H. Lerner advises avoiding consumer discretionary brands like Nike and Lululemon due to weakened value and loyalty, leading to their underperformance. Instead, he is focusing on the consumer experience sector, especially travel and entertainment stocks, which benefit from growth driven by affluent, aging demographics. Lerner is investing in both asset-light companies (e.g., Airbnb, Booking Holdings) and asset-heavy companies (e.g., Alaska Air, Delta) at significant discounts from their 52-week highs. He remains optimistic about travel demand among baby boomers and continues to monitor inflation risks while seeking further opportunities in asset-light stocks.
Delta Air Lines missed earnings expectations and lowered its full-year profit forecast due to a 60% surge in jet fuel costs linked to the Iran war. However, the airline kept its adjusted pretax profit roughly flat by raising fares and boosting revenu...
Southwest Airlines experienced a temporary grounding of flights due to a widespread IT outage affecting its vendor Amadeus, which handles booking, check-in, and baggage systems. The outage caused long lines, check-in failures, and app issues across m...
Delta Air Lines reported Q3 earnings with revenue of $20.20 billion, surpassing estimates, but earnings per share missed at $1.72 due to higher fuel costs. The airline lowered its 2026 adjusted earnings forecast to $5.10-$5.60 per share and free cash...
Delta Air Lines lowered its full-year profit forecast due to a $6 billion increase in jet fuel costs driven by the ongoing Iran war. Despite Elon Musk's viral joke about Delta's Wi-Fi, the airline's financial challenges stem from soaring fuel prices,...
Delta Air Lines reported a 3% drop in shares after missing Q3 earnings expectations due to a 62% jump in fuel costs. The airline cut its full-year profit and cash flow forecasts, citing rising fuel expenses expected to continue next quarter. Despite ...
