- Zacks
Airline Stock Roundup: AAL's Deal With ZeroAvia, RYAAY's Upbeat June Traffic
Ryanair (RYAAY) reports an 11% year-over-year increase in June traffic. American Airlines (AAL) inks a conditional purchase agreement with a startup company.
- Reuters
American Airlines in 100 hydrogen-electric engines deal with startup
The airline also increased its investment in the Hollister, California-based company as part of its Series C financing round, but did not disclose the details. American first invested and signed a memorandum of understanding with ZeroAvia, which is flight testing a prototype for a 20-seat plane, in 2022. The company is also designing an engine for larger aircraft such as the Bombardier CRJ700, used by American on some of its regional routes.
- InvestorPlace
The 3 Smartest Airline Stocks to Buy With $1K Right Now
Given the additional surge in travel this summer due to the Olympics in Paris, you might want to consider airline stocks to buy that should benefit from the sporting event. Lots of Americans will be heading to the 2024 Summer Olympics, which runs from July 26 through August 11. According to the travel marketing platform Sojern, bookings to Paris are up 125% for the 16-day period from the same time a year ago, with Americans accounting for nearly one-quarter of the bookings to Paris between July
