In this article, we discuss 11 best airline stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Airline Stocks To Buy Now. The International Air Transport Association (IATA) expects passenger revenues to account for $498 billion of total industry revenues in 2022, more than double the […]
Ahead of airline earnings, one analyst thinks the stocks have gotten too oversold.
American Airlines Group Inc (NASDAQ: AAL) pursued an alliance with JetBlue Airways Corp (NASDAQ: JBLU) in order to stay afloat during the COVID-19 pandemic-induced economic uncertainty. The airline needed the collaboration to stay competitive in the heavily trafficked U.S. Northeast. American Airlines CEO Robert Isom testified in a Boston federal court on Monday, saying, "Our business was hemorrhaging cash" in the spring of 2020, Bloomberg reported. The company was losing more than $100 million