DAL
Delta Air Lines, Inc.
stock NYSE

I personally would invest it all into DAL. It’s the sleeping giant of the ASX.

Airlines buy fuel in huge bulk and get large discounts. I believe last year they paid something like $2.00/gallon. You’re that confident the price of fuel more than doubles AND they can’t make it up with increasing ticket prices while all airlines are reporting demand is STRONG? If anything I think their fuel costs are wildly pessimistic. Another difference between AAL/UAL/DAL is that UAL and DAL travel more overseas where these shortages hit hardest. AAL is less exposed to fuel shortages than UAL and DAL. DAL has a refinery to mitigate some of the crack spreads and UAL does not. UAL with their heavy TPAC flying is probably most exposed and actually has room to fall rather than AAL which is already priced in the dumps.

Spot on. The mental gymnastics here are incredible. Last week, the narrative was that war and high oil prices would crush margins; now that we’ve had a green day, suddenly '*inflation is a tailwind for equities*’.
This is the definition of Monday morning quarterbacking. If you look at the post histories of the people claiming this was obvious, none of them were calling for a rally before the tickers turned green. They just wait for the market to move and then cherry-pick a macro reason to justify it **after the fact**.
Personally, I expect a dip this summer, starting by mid-May. The reality is that high oil and rising inflation are structural drags on the economy. We are not getting a big crash, just anemic growth and red tickers for consumer.
Currently I have some shorts in $CCL & $DAL. Cruises are the ultimate discretionary spend. They are also floating cities that run on large amounts of fuel. My thesis is that rising costs plus falling bookings equal a disaster for their margins.

DAL ❤️