5 Best Airline Stocks To Buy Now

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In this article, we discuss 5 best airline stocks to buy now. If you want to see more stocks in this selection, check out 11 Best Airline Stocks To Buy Now

5. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 30

American Airlines Group Inc. (NASDAQ:AAL) is a Texas-based network air carrier. The airline has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington. In Q3 2022, American Airlines Group Inc. (NASDAQ:AAL) posted $0.69 in earnings per share, which was $0.13 ahead of estimates. A 50.1% jump in revenue from the prior year was in-line with estimates, but the revenue set a quarterly record and came in 13% above the same period in 2019. American Airlines Group Inc. (NASDAQ:AAL) is one of the top airline stocks to consider. 

Citi analyst Stephen Trent maintained a Neutral rating on American Airlines Group Inc. (NASDAQ:AAL) but lowered the price target on the shares to $15 from $16 on October 17. The analyst maintained a constructive view on the airline sector’s revenue recovery, noting that international corridors are recovering and loyalty programs are thriving, but he acknowledged that his earlier 2023 fuel price assumptions were optimistic.

According to Insider Monkey’s data, 30 hedge funds were long American Airlines Group Inc. (NASDAQ:AAL), compared to 28 funds in the last quarter. Jim Simons’ Renaissance Technologies is a prominent stakeholder of the company, with approximately 8 million shares worth $100.8 million. 

Follow American Airlines Group Inc. (NASDAQ:AAL)

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