5 Best Airline Stocks To Buy Today

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In this article, we discuss the 5 best airline stocks to buy today. If you want to read our detailed analysis of these companies, go directly to the 10 Best Airline Stocks To Buy Today.

5. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 39

Chicago-based air transport company United Airlines Holdings, Inc. (NASDAQ:UAL) ranks fifth on the list of 10 best airline stocks to buy today. United Airlines Holdings, Inc. (NASDAQ:UAL) provides domestic and international air transportation services for passengers and cargo. 

Airlines stocks are flying higher as the sector reopens following COVID-19, and institutional investors are becoming more bullish on United Airlines Holdings, Inc. (NASDAQ:UAL). Israel Englander of Millennium Management is one of the major stakeholders of the Chicago-based airline company, owning 1.28 million shares worth $56.7 million. Overall, 39 funds of the 873 elite funds tracked by Insider Monkey reported owning stakes in United Airlines Holdings, Inc. (NASDAQ:UAL) at the end of June 2021.

United Airlines Holdings, Inc. (NASDAQ:UAL) saw its stock rise 1.60% in premarket trading on October 7 after the airline revealed that it would provide over 3,500 daily domestic flights in December, up 91% from 2019, for the holiday season. 

The company’s revenue in the second quarter of 2021 was $5.47 billion, beating revenue estimates by $116.02 million. With the improvement on travel restrictions, United Airlines Holdings, Inc. (NASDAQ:UAL) reported a year-over-year increase of 541.1% in consolidated passenger revenue in the second quarter to $4.36 billion. 

On September 14, Morgan Stanley analysts kept an Equal-weight rating on United Airlines Holdings, Inc. (NASDAQ:UAL) with a price target of $64 per share. The stock gained 16.12%, year to date.

 

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