5 Best Airline Stocks To Buy Now

In this article, we will look at 5 best airline stocks to buy now. If you want to read our detailed analysis of the airline industry which highlights key trends and major players, you can go to 10 Best Airline Stocks To Buy Now.

5. JetBlue Airways Corporation (NASDAQ:JBLU)

Number of Hedge Fund Holders: 29

JetBlue Airways Corporation (NASDAQ:JBLU) is a major American low-cost airline and also the seventh-largest airline in North America by passengers carried. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. The company operates in over 107 destinations that span over 31 states of the U.S., the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. 

As of this April, MKM Partners analyst Conor Cunningham has a Neutral rating and a $13 price target on JetBlue Airways Corporation (NASDAQ:JBLU).

JetBlue Airways Corporation (NASDAQ:JBLU) is making strides to expand its operations and is increasing M&A activity, which is why it is ranked among the 10 best airline stocks to buy now. On June 6, 2022, the company announced an improved offer to acquire Spirit Airlines (NYSE:SAVE), while competing with Frontier Air Group’s (NASDAQ:ULCC) offer. The company is now offering a reverse break-up fee of $350 million, up $150 million from its previous offering. JetBlue Airways Corporation (NASDAQ:JBLU) also proposed a prepayment of $1.50 per share to shareholders of Spirit Airlines (NYSE:SAVE) as part of its deal.

At the close of the first quarter of 2022, 29 hedge funds were long JetBlue Airways Corporation (NASDAQ:JBLU) with stakes worth $270.25 million. This is compared to 34 positions in the prior quarter with stakes of $294.50 million.

In the first quarter of 2022, Two Sigma Advisors upped its Q4 2021 stakes in JetBlue Airways Corporation (NASDAQ:JBLU) by 11%, bringing them to $34.73 million in Q1 2022. Two Sigma Advisors is the most prominent shareholder in the company.