The year 2020 was a miserable one for the airline industry due to the pandemic as it brought air travel to a complete standstill around the globe. It was due to lockdowns in various countries. According to experts, the travel industry will start reviving during 2021 once the vaccine is readily available in every country and the pandemic is brought under control. Based on the analysis, it is believed that initially, the stocks of major airlines will bear negative impacts in the months ahead but it will be a promising investment for long-term investors. It was a moment of joy for the airline companies when the US Congress approved a coronavirus stimulus package worth $900 billion. This package includes massive support to re-hire the people who were terminated from their jobs during the previous months. IATA claims that the number of jobs lost is likely to increase. This article analyses the Top 10 Airline Stocks to Buy for 2021. Keep reading it till the end and you will learn that airline stocks are a solid investment opportunity for serious and long-term investors.
Alaska Air Group, Inc. stands fifth on the list and this airline is a bit better as compared to its rival airlines. As per the airline’s balance sheet for the m/o September, the airline burned a sum of $117 million which was less than the company’s own estimates of $150 million. The airline currently is in the limelight because it has planned to buy several Boeing 737 Max planes and this is a first order from a US jet career since the Federal Aviation Administration lifted its grounding orders. Fourth on the list is American Airlines Group Inc. and it is the largest airline of the word in terms of passenger miles. Recently, the airline announced that it is ready to recall its furlough employees and in this regard, around 8,000 flight attendants of American Airlines’ received recall letters. In the third quarter of the ongoing year, the company suffered a loss to the tune of $2.4 billion and the revenue fell by 73%. The airline added more flights to Latin America and Caribbean as the airline administration was of the view that there will be an increase in demand during 2021. Do you want to keep reading about more airlines? Visit 10 Best Airlines Stocks To Buy For 2021.