Delta Air Lines
The airline economy has suffered a major blow because of the COVID-19 pandemic, and even now that travel orders have relaxed, the industry has yet to rise from the debris. So why are billionaires still spewing money on this sector? PAR Capital Management, for instance, has increased its Delta Air Lines shares by 9,450, now totaling over 3.5 million.
Now we’re wondering if this boost may have fueled DAL’s plans to shell out $12 billion for infrastructure in the United States. Nonetheless, with the COVID-19 vaccines rolling out, it seems that tourism-related sectors will get to soar anew.
