Seeking Alpha Seeking Alpha Portfolio App for iPad  Airlines are
a notoriously difficult business. From fuel costs to the capital
intensity needed to run an airline, this industry is certainly a
difficult one, unless you are Southwest (LUV), which is the only
airline to have never filed for bankruptcy. But despite the
difficulties of the airline industry, not every company needs to
be avoided. One airline in particular has an intense focus on
reducing debt and controlling costs, and by doing so, it is
setting the stage for a rally in its shares. And that airline is
Delta (DAL).  Delta, like all airlines, is exposed to issues
beyond its control, namely fuel costs. But Delta is the only
airline that is doing everything it can to lower those costs,
including buying the Trainer refinery in Pennsylvania to save
$300 million in annual fuel costs (more on that later). We
believe that Delta's focus on strengthening its financial
profile by aggressively paying down debt and lowering its fuel
costs will lead to a rally