5 Best Airline Stocks to Buy Now

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

Number of Hedge Fund Holders: 32

American Airlines Group Inc. (NASDAQ: AAL) is a network air carrier that provides scheduled air transportation services for passengers and cargo in the US and internationally. As of December 2020, the company’s fleet comprised 855 aircraft. It ranks 4th on our list of the best airline stocks to buy now.

On June 14th, Bank of America’s system bookings revealed that American Airlines Group Inc. (NASDAQ: AAL) has been performing well, showing uptake in bookings. The company’s first-quarter 2021 reports showed an EPS of -$4.32 versus estimates of -$4.33 and revenue valued at $4.01 billion.  The stock has gained 38.45% in the past 6 months and 47.32% year to date.

By the end of the first quarter of 2021, 32 hedge funds out of the 866 tracked by Insider Monkey for the quarter held stakes in American Airlines Group Inc. (NASDAQ: AAL). The total value of their stakes was roughly $561 million. This is compared to 37 hedge funds holding stakes in the company worth about $329 million.