Duarte, Miguel MarecosCardoso, Tiago Mascarenhas Galvão Garcia2025-09-032025-09-032025-01-292024-12-17http://hdl.handle.net/10362/187445This Equity Research report aims to provide investors with a comprehensive understanding of Delta Air Lines (DAL:NYSE), including its business model, strategic positioning, and outlook for the foreseeable future. The analysis incorporates a thorough examination of industry dynamics—past, present, and future—and Delta’s positioning within this landscape. Additionally, the report explores the company’s key value drivers and presents projections for these determinants. A valuation was conducted to derive an informed investment recommendation for the company’s stock.engDelta Air LinesMarket leader in aviationLegacy carrierPost-pandemic performancemaster thesis203991184