Ready for Takeoff or Grounded Indefinitely? – An Airlines Update

Analyst Blake Haxton provides an update on where demand for air travel stands today and discusses the possibility of a stimulus package for airlines. The views expressed are those of Diamond Hill as of October 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of September 30, 2020, Diamond Hill owned equity shares of Microsoft Corp., Allegiant Travel Co., Walt Disney Co. and Alaska Air Group, Inc. As of July 31, 2020 Diamond Hill owned debt in American Airlines, Inc., Delta Air Lines, Inc., Southwest Airlines Co., Walt Disney Co. and Alaska Airlines. This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Reliance upon this information is at the sole discretion of the listener. Investing involves risk including the possible loss of principal.