JetBlue rallies after an analyst upgrade, but some experts prefer this airline stock $JBLU (via TradingNation)
and household net worth near all-time highs, consumers are still feeling financially comfortable, which benefits air travel stocks, Tepper said. Delta, he added, is best-positioned to reap those benefits.
"We own Delta, and that's definitely our favorite name here," he said. "They've got zero 737 Max exposure, so what that does is it gives Delta the ability to grow their capacity while their competitors are in time-out right now. They've got this partnership with [], which is by far the gold standard for rewards and loyalty programs amongst airlines, and it gives them high-margin business that literally costs them nothing and it makes them less cyclical.
"On top of all that, they've got the best maintenance team in the business, and that gives them the ability to extend the useful life of their aircraft and therefore boost margins as well," Tepper said. "So, I like the stock right here, right around 57 bucks. If it pulls back to $55, that would be an ideal entry point for anyone trying to build a position right now."
Delta shares closed just under the $57 level on Wednesday, having climbed nearly 1% by the end of the trading session.
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