In this piece we will look at the 5 Best Airport Stocks to Buy According to Hedge Funds. Please visit 8 Best Airport Stocks to Buy According to Hedge Funds if you’d like to see an extended list and how we came up with the list of Best Airport Stocks to Buy According to Hedge Funds.
5. Corporación América Airports S.A. (NYSE:CAAP)
Number of Hedge Fund Holders: 13
Corporación América Airports S.A. (NYSE:CAAP) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 13, Corporación América Airports S.A. (NYSE:CAAP) delivered strong first-quarter results driven by broad-based growth across traffic, revenue, and profitability metrics.
During the quarter, the company reported 7% year-over-year passenger traffic growth to 21.8 million. This was led by a 14% increase in international passengers. Moreover, the cargo volumes also improved 1.7% to 95.2 thousand tons, and aircraft movements increased 3.5% to 213,500.
As a result, the consolidated revenue rose 18.8% to $495.2 million, with both Commercial and Aeronautical revenues growing at 21.0% and 17.4%, respectively. Notably, revenue growth comfortably outpaced passenger traffic growth. Management noted that excluding the effect of Argentina’s hyperinflation accounting rule, revenues still grew 15.5% to $477.9 million.
The profitability also improved as operating income rose to $139.5 million from $104.0 million a year ago, and adjusted EBITDA climbed 26.1% to $196.2 million, with the margin expanding 2.3% to 39.6%.
Corporación América Airports S.A. (NYSE:CAAP) is a firm that works in the acquisition, development, and administration of airport concessionaires. It operates in the following geographical segments: Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia.
4. Firefly Aerospace Inc. (NASDAQ:FLY)
Number of Hedge Fund Holders: 22
Firefly Aerospace Inc. (NASDAQ:FLY) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 19, Firefly Aerospace Inc. (NASDAQ:FLY) announced a major expansion in its physical footprint in Texas by moving into a new headquarter in Cedar Park, Texas.
Management noted that the new headquarters consolidates spacecraft operations into a single campus totaling 144,000 square feet, which is twice the size of its previous facilities. Moreover, the expanded facility also houses spacecraft assembly and testing, mission control, avionics production, engineering, and business operations. The location is strategic as it is less than 30 miles from the company’s 200-acre Rocket Ranch in Briggs, Texas.
Notably, the new headquarters has a new cleanroom, which is four times larger than the existing one and is funded by a Texas Space Commission grant. Management noted that the cleanroom is designed to support a dedicated production line for Blue Ghost lunar landers and Elytra orbital vehicles. Moreover, the Briggs facility is also being enhanced, with 30,000 square feet of additional engineering and manufacturing workspace added through two new mezzanines.
Firefly Aerospace Inc. (NASDAQ:FLY) is a space and defense technology company, providing mission solutions for government and commercial customers.
3. Joby Aviation, Inc. (NYSE:JOBY)
Number of Hedge Fund Holders: 30
Joby Aviation, Inc. (NYSE:JOBY) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 7, Canaccord analyst Austin Moeller lowered the firm’s price target on Joby Aviation, Inc. (NYSE:JOBY) from $15.5 to $11.5 and maintained a Hold rating on the shares.
The rating comes after the company reported its fiscal Q1 2026 earnings on May 5. The company reported Q1 2026 revenue of $24 million, surpassing the forecasts of $20.2 million. Management noted that the operating loss continues due to the company’s strategic investments. Moreover, the revenue decline from Q4 2025 was attributed to the lack of one-time revenues from previous flight demonstrations in Japan.
Notably, Joby ended the quarter with a strong cash position of $2.5 billion, and management expects full-year revenue between $105 million and $115 million, representing projected growth of over 100% year-over-year.
Canaccord analyst Austin Moeller noted that the reduced price target reflects a model update following Q1 results. The analyst highlighted that management reaffirmed both its 2026 revenue guidance and its first-half cash usage guidance, which provides a long runway before any need to raise additional funds. Canaccord also acknowledged continued progress in the FAA certification process, specifically within the Testing and Analysis stage.
Joby Aviation Inc. (NYSE:JOBY) conducts studies on electric vertical takeoff and landing aircraft. It is also involved in their production, evaluation, and sales around the world. It offers several services to its customers, which include facilitation of passenger transportation, providing flight services to the government, and more.
2. AAR Corp. (NYSE:AIR)
Number of Hedge Fund Holders: 36
AAR Corp. (NYSE:AIR) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 19, AAR Corp. (NYSE:AIR) announced the addition of A320 slat repair to its Component MRO service offering. Management noted that this further deepens the company’s authorized partnership with Airbus in the Asia-Pacific region.
For reference, slats are movable panels on the leading edge of an aircraft’s wings that help generate lift during takeoff and landing. The maintenance of these panels is a critical and recurring need for any A320 operator. By adding this capability, the company has broadened an already meaningful portfolio of Airbus proprietary component repairs at its facility in Chonburi, Thailand, which already covers rudders, flaps, and sharklets.
Notably, the expanded coverage now includes both the A320ceo and the A320neo variants of the two most dominant versions of one of the world’s most widely operated narrowbody aircraft families.
In addition, on May 12, the company held its investor day. Management reaffirmed guidance for the fiscal fourth quarter and full year 2026. Fourth quarter sales are expected to grow by 19% to 21%, while the full-year sales are expected to grow by 17% to 19%.
AAR Corp. (NYSE:AIR) is a leading independent aerospace and defense aftermarket services provider that specializes in maintenance, repair, and overhaul (MRO), parts supply, and integrated solutions for commercial airlines and government fleets. Headquartered near Chicago, they improve aircraft availability and reduce global ownership costs.
1. FTAI Aviation Ltd. (NASDAQ:FTAI)
Number of Hedge Fund Holders: 56
FTAI Aviation Ltd. (NASDAQ:FTAI) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 19, Moody’s upgraded FTAI Aviation Ltd. (NASDAQ:FTAI)’s corporate family rating to Ba1 from Ba2. Moreover, the rating firm also raised the senior unsecured rating to Ba1, with the preferred stock rating moving to Ba3. The outlook was revised to stable from positive, signaling Moody’s does not anticipate further near-term rating changes.
Earlier on May 8, Morgan Stanley raised the price target on the stock from $293 to $319 and maintained a Buy rating on the shares. The rating follows FTAI’s fiscal first quarter 2026 earnings release. During the quarter, the Aerospace Products revenue reached $743.8 million, up 104% year-on-year, while Adjusted EBITDA for the segment grew 70% to $222.6 million.
Management noted that the doubling of revenue is significant and reflects the company’s scale of engine maintenance and also the robust end-market demand driven by airlines keeping older narrowbody aircraft flying longer amid new aircraft delivery delays.
FTAI Aviation Ltd. (NASDAQ:FTAI) is a leading provider of aviation leasing and maintenance services, specializing in CFM56 and V2500 engine aftermarket support.
While we acknowledge the potential of FTAI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTAI and that has 100x upside potential, check out our report about the cheapest AI stock.
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