4 Airlines to Invest In Now as Air Travel Demand Surges
Are you looking to invest in airline stocks? With the surge in air travel demand, now might be the perfect time to consider adding some airline stocks to your portfolio. In a recent blog post by Zacks.com, four airline stocks were highlighted as great investment opportunities: Copa Holdings, S.A., SkyWest, Inc., United Airlines Holdings, Inc., and Alaska Air Group, Inc.
The Zacks Equity Research analysts have been closely monitoring the airline industry, and with the easing of COVID-19 travel restrictions and the reopening of the global economy, there has been a solid recovery in air travel demand. This has led to higher passenger revenues, which are a significant contributor to airlines’ top lines.
According to Airlines for America, U.S. airlines are expected to carry a record 271 million passengers from June 1 to August 31, 2024. The International Air Transport Association (IATA) also projects a net profit of $30.5 billion for the industry in 2024, with passenger revenues expected to reach $744 billion.
Each of the highlighted airline stocks – Copa Holdings, S.A., SkyWest, Inc., United Airlines Holdings, Inc., and Alaska Air Group, Inc. – has a Zacks Rank of 1 or 2, a VGM Score of A or B, and a strong trailing four-quarter average earnings surprise history. These factors make them compelling investment opportunities at the moment.
Copa Holdings, S.A. is based in Panama City and has seen an uptick in revenues due to increased air travel demand. SkyWest, Inc., based in Saint George, UT, has also experienced positive growth and has a strong earnings surprise history. United Airlines Holdings, Inc., headquartered in Chicago, IL, and Alaska Air Group, Inc., based in Seattle, WA, have both issued bullish EPS guidance for the upcoming quarters.
If you’re considering investing in airline stocks, now might be the perfect time to explore these opportunities. With the industry showing signs of recovery and growth, these four airline stocks could be a valuable addition to your investment portfolio.
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