I like the fact that they're doing a little bit of everything, a fair amount of debt reduction and putting a dividend back in. I wouldn't want to see them make any acquisitions from here. There will be something that interrupts what is the top of the cycle maybe right now. But sooner or later, whether it's an interruption in the economy or something worse, the cycle will turn.
Another positive sign for the travel industry as Delta raises guidance.
(00:21) Bill Barker and Deidre Woollard discuss: - The surge in international travel and where Delta’s next revenue bump could come from. - What factors could slow the travel boom. - The curious allure of the many flavors of Doritos.
(15:11) The latest memo from Howard Marks takes a look at past cycles. Deidre Woollard and Ricky Mulvey explore the memo and the danger of focusing too much on the big macro.
Companies discussed: DAL, PEP
Host: Deidre Woollard Guests: Bill Barker, Ricky Mulvey Producer: Ricky Mulvey Engineers: Dan Boyd, Tim Sparks
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