Following the coronavirus pandemic, the aviation sector took a significant impact. The industry’s revenues in 2020 will be $328 billion, down 40% from the previous year. According to McKinsey & Company, the industry will experience limited growth in the next years, with traffic not recovering to pre-2015 levels. According to the IATA, air passenger traffic dropped by 94% in 2020 as a result of the coronavirus pandemic. In 2021, the airline industry’s financial performance will deteriorate and become more erratic. Due to additional pressures, the airline industry’s global RPK predictions have been cut to 26% in 2021. Investors have cause to be optimistic about the industry’s recovery this year. With the increasing distribution and injection of COVID-19 vaccines around the world, travel restrictions have begun to be lifted. On June 18th, the EU stated that travel restrictions on citizens entering their territory would be gradually lifted.
Insider Monkey states the list of the 10 best airline stocks to buy now. Azul S.A. is a Brazilian airline that specializes in passenger and cargo flights. On the list of the top airline stocks to purchase right now, the company is ranked 10th. The stock price has increased by 29.31% in the last six months and by 30.04 percent year to date. Mesa Air Group, Inc. is ranked 9th among the best airline stocks to buy. As of last year, the company has a fleet of 146 aircraft with 373 daily departures to 102 destinations around the United States and Mexico. On the list of the top airline stocks to purchase right now, JetBlue Airways Corporation (NASDAQ: JBLU) is ranked eighth. The company’s fleet includes 63 Airbus A321 planes, 1 Airbus A220 plane, 13 Airbus neo planes, 130 Airbus A320 planes, and 60 Embraer E190 planes. Spirit Airlines, Inc. is ranked 7th among the best airline stocks to purchase right now on the list. The stock has risen 30.67 percent in the last six months and 43.76 percent so far this year. It is currently one of the top three airlines in which to invest. On the list of the top airline stocks to purchase right now, Allegiant Travel Company is ranked sixth. The company is a leisure travel company that offers services and products to inhabitants of underserved cities in the United States. As of February of the current year, it had 97 Airbus A320 series aircraft in its fleet. For more details, click 10 Best Airline Stocks to Buy Now.
