After looking over this airline's balance sheet, I've come to the conclusion it will either get bought out or go Private. The present value of their Tax Loss Carryforwards is worth many multiples of the current market cap alone. I realize they have Debt, but taking everything into account, this company is cheaper than FREE at current prices. Any potential suitors would get a Free airline after paying off the debt, and then riding those tax loss carrys. I predict it goes Private, and then comes back as a public company after the Economy in Brazil improves.
I bought DAL @ 42.50 when Oil was at 105/barrel. Since then, Oil has dropped -58% and my DAL shares are up +8%. At this rate, I might be up +16% if Oil goes to ONE dollar a barrel? Not sure why the media keeps printing article after article after article after article...... that airlines will go down when (not IF) Oil prices go up??? So far, it hasn't benefited from the drop in Oil prices. What gives