Is Delta Air Lines Inc. a Buy?

Delta Air Lines (NYSE: DAL)is one of the largest airlines in the world, offering travel throughout the U.S. and across the globe. After decades of tough operating conditions for the airline industry that saw numerous bankruptcy filings from the industry's largest players -- including Delta -- the advent of consolidation among airlines and the imposition of baggage fees and other ancillary charges have helped make Delta and its peers more profitable than ever.