6 Best Airline Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 31

American Airlines Group Inc. (NASDAQ:AAL) is one of the most popular airline stocks among the elite hedge funds in Insider Monkey’s database of 943 hedge funds. 31 hedge funds reported owning stakes in American Airlines Group Inc. (NASDAQ:AAL) at the end of the December quarter. The total worth of these hedge funds’ stakes was $563 million. The biggest hedge fund stakeholder of American Airlines Group Inc. (NASDAQ:AAL) was John Overdeck and David Siegel’s Two Sigma Advisors which had a $136 million stake in the company.

Recently, S&P Global Ratings upped its outlook for American Airlines Group Inc. (NASDAQ:AAL) to Positive from Stable and boosted certain issue ratings.

S&P Global Ratings expects American Airlines Group Inc. (NASDAQ:AAL) to continue to improve its earnings and cash flow in 2023 on the back of strong passenger demand and industry capacity constraints that support higher fares.

The ratings agency believes American Airlines Group Inc. (NASDAQ:AAL) is well positioned to generate strong credit measures even as it faces debt maturities.