A Delta Airlines flight descends past stormy clouds as it approaches to land in San Diego, California, U.S., December 12, 2022. REUTERS/Mike Blake/File Photo
However, Raymond James analyst Savanthi Syth expects air travel demand to moderate in the second half, given the high level of uncertainty and limited visibility into the fall. multiple at 19.1. Despite the discounted valuations, the strong rally has drawn interest from some bearish investors.