It’s Time to Reconsider Airline Stocks. Here Are Four Reasons Why.
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Frank Holmes discusses the potential resurgence of airline stocks as of September 13, 2024; Bank of America reports strong TSA throughput with over 2.5 million daily passengers; July 2024 saw a record of 3 million passengers screened in one day; U.S. airlines are reducing domestic capacity to improve pricing power; lower fuel prices are expected to boost earnings for airlines like United and Alaska Airlines; historically, airlines outperform in the fall, particularly in September, October, and November; U.S. airlines reduced debt from $168 billion in 2021 to $143 billion in 2023; American Airlines announced a purchase of 260 new aircraft in March 2024; Delta raised its earnings expectations to $5-$7 per share despite challenges; Alaska Airlines raised its earnings outlook due to strong demand; Southwest Airlines is set for board changes with six directors retiring in November 2024; the article suggests that now is an ideal time for value-conscious investors to consider airline stocks.
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https://www.usfunds.com/resource/its-time-to-reconsider-airline-stocks-here-are-four-reasons-why/
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