NEW YORK (TheStreet) -- Delta Air Lines (DAL) shares are up 3.2% to $36.18 on Thursday after the International Air Transport Association (IATA) released research numbers suggesting that demand for international air travel continued to rise in October.
The firm reported a 5.7% increase in demand for international air travel during October that builds on a 5.2% increase in demand in September. Airline shares have also benefited recently from falling oil prices which have reached five year lows, according to some metrics.
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Yesterday, Delta Air Lines also reported a 4.5% increase in year over year passenger unit revenue in November, a key measure of an air line's economic health, that the company said was driven by strong domestic traffic.
The IATA said economic growth in the Asia-Pacific region and the U.S. offset signs of weakness in Europe and China, helping to lead the positive outlook for international air travel.
TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."