The Sky’s the Limit: Best Airline Stocks to Buy in 2024
The skies are once again bustling with activity as airline travel numbers have surged back to pre-pandemic levels. Despite the challenges posed by the global pandemic, people are once again taking to the skies, fueling a resurgence in the airline industry.
According to Transportation Security Administration data, airline travel numbers have continued to increase between 2023 and 2024, with investments in the airline industry on the rise. The U.S. Global Jets ETF (JETS) has seen a 9% increase year to date, reflecting the positive sentiment surrounding the industry.
Stock analysts have identified six of the best airline stocks to buy now, based on their potential for long-term gains. Delta Air Lines Inc. (DAL), with a market capitalization of $30.9 billion, is a top pick among analysts. The company’s recent earnings report exceeded expectations, with CEO Ed Bastian expressing optimism for the future.
SkyWest Inc. (SKYW), with a market capitalization of $2.92 billion, is another promising option for investors. The company operates nearly 500 aircraft and has seen a 10% revenue boost year over year, making it an attractive choice in the industry.
Ryanair Holdings PLC (RYAAY), Southwest Airlines Co. (LUV), Copa Holdings SA (CPA), and United Airlines Holdings Inc. (UAL) are also among the top picks for investors looking to capitalize on the resurgence of the airline industry.
With demand for air travel on the rise and positive outlooks from industry experts, now may be the perfect time to consider investing in airline stocks. As the industry continues to recover and thrive, these stocks could offer significant returns for investors willing to take the plunge.
