Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Delta Air Lines, Inc., American Airlines Group Inc: Billionaires Are Piling Into These 5 Airline Stocks

Page 1 of 2

When it comes to investing in public equities, airline companies are currently enjoying a high level of popularity amongst billionaire investors. After gaining almost 100% on average in 2013, airline stocks once again beat the S&P500 by a large margin last year. Although the whole industry has been performing well, aided by the sharp reduction in fuel costs, shares of some these companies were particularly sought after last quarter. The five most popular airline stocks amongst billionaire investors and their respective hedge funds last quarter were: Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group Inc (NASDAQ:AAL), United Continental Holdings Inc (NYSE:UAL), Southwest Airlines Co (NYSE:LUV), and Alaska Air Group, Inc. (NYSE:ALK).Delta Air Lines, Inc. (NYSE:DAL)

Among the funds we track, more than 120 firms disclosed ownership of a stake in Delta Air Lines, Inc. (NYSE:DAL) last quarter, including billionaire Rob Citrone’s Discovery Capital Management, and 12 other billionaires. Citrone’s fund entered a new position in the company, disclosing a stake of 2.33 million shares in its last 13F filing. Considering the stock gained 81% last year, it comes as little surprise to see Mr. Citrone take a bullish stance towards Delta Air Lines, Inc. (NYSE:DAL). Furthermore, the company reported fourth quarter earnings of $0.78 per share, beating the earnings consensus estimate for the eighth consecutive quarter. Given the current circumstances, it comes as no surprise that Delta is on the shopping list of numerous billionaire investors.

American Airlines Group Inc (NASDAQ:AAL) was also popular amongst billionaire investors last quarter, as the company that was formed by the merger between American Airlines and US Airways also had 13 billionaire investors with a total of $1.96 billion invested. Since the beginning of 2014 until the end of last week, the stock has gained around 104%, and was trading at $51.31 per share after Monday’s closing bell. Although the world’s largest global carrier delivered great returns last year, things might be different this quarter and the following. In addition to cutting projected first-quarter margins this month, American Airlines Group Inc (NASDAQ:AAL) has been downgraded to “hold” by numerous analysts. Nevertheless, billionaire George Soros seems optimistic, as his firm Soros Fund Management owns a stake of 3.27 million shares in the company. Rob Citrone also holds a position in American Airlines, which amounts to 2.64 million shares.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!