Out To Snare Delta?

Some say a buyout group is eyeing Delta Air Lines

Airline stocks have been losing altitude fast, partly because of skyrocketing oil prices and fears of a lumbering economy. No wonder No. 3 Delta Air Lines (DAL) is trading close to its 52-week low--at 45, down from 58 11/16 in mid-May. But some pros have been buying in recently, betting that the airline will take off soon. The reason: takeover talk.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.