5 Best Airline Stocks To Buy Today

4. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 49

Ranking fourth on the list of 10 best airline stocks to buy today is Delta Air Lines, Inc. (NYSE:DAL). The Atlanta-based airline company is operating a fleet of 1,100 aircraft. Delta Air Lines, Inc. (NYSE:DAL) provides air transport for cargo and passenger clients in the US and internationally.

After halting expansion projects in Boston in 2020 owing to COVID-19, Delta Air Lines, Inc. (NYSE:DAL) has resumed its pre-pandemic growth strategy. On October 3, the airline announced new routes to Baltimore, Athens, Tel-Aviv, Denver, and San Diego in summer 2022. By next summer, the company plans to operate up to 160 daily departures from Boston, representing a 20% increase in capacity since pre-pandemic levels in October 2019. Shares of Delta Air Lines, Inc. (NYSE:DAL) climbed 9.48%, year to date.

As of the end of the second quarter, 49 hedge funds tracked by Insider Monkey reported owning stakes in Delta Air Lines, Inc. (NYSE:DAL). The total worth of these stakes is $1.22 billion.

On October 14, Morgan Stanley analyst Ravi Shanker maintained an Overweight rating on United Airlines Holdings, Inc. (NASDAQ:UAL) with a price target of $62 per share. The airline recently announced its third-quarter revenue of $9.15 billion, beating revenue estimates by $689.4 million.