5 Best Airline Stocks To Buy Now

4. Alaska Air Group, Inc. (NYSE:ALK)

Number of Hedge Fund Holders: 30

Alaska Air Group, Inc. (NYSE:ALK) is a SeaTac, Washington-based airline holding company that owns Alaska Airlines as a mainline carrier and Horizon Air as a regional carrier.

On July 21, Alaska Air Group, Inc. (NYSE:ALK) reported its Q2 2022 results. Revenue increased by 73.9% YoY to $2.66 billion and outperformed the analysts’ forecast of $2.59 billion. The boost in revenue was driven by stronger demand for air traveling post-pandemic. Furthermore, the adjusted EPS of $2.19 beat analysts’ expectations of $1.97.

Alaska Air Group, Inc. (NYSE:ALK) also gave a strong outlook for Q3 as it anticipates revenue growth of 16% to 19% compared to 2019 levels of $2.77 – $2.84 billion. Meanwhile, the consensus estimate stood at $2.59 billion. The airline also received delivery of nine Boeing 737 Max 9 aircraft during Q2 2022, bringing the total fleet size to 28. Analysts see Alaska Air Group, Inc. (NYSE:ALK) as a well-positioned stock to benefit from the increase in travel demand.