André, RosárioKostelic, Frane2020-10-152020-10-152020-01-222020-01-03http://hdl.handle.net/10362/105623We conducted a thorough equity research on majorAmericanlegacy carrierDelta Airlines. By doing an analysis of general macroeconomic conditions in different regions of the world,analysis of the main competitors of the company,finallyfollowed by a fundamental analysis of Delta Airlines, we concluded that the before mentioned company is heavily undervalued by the markets. Based on the outcome of our research, we gave a strong buy recommendation of the company stock.engAirlineShareValuationRevenuesmaster thesis202493717