No doubt that the outgoing year 2020 was worse in terms of the global economy and business due to the COVID-19 pandemic. The pandemic caused irreparable loss to the global economy and rendered hundreds and thousands of people jobless. It caused destruction and devastation in various sectors and the air aviation or the travel industry was among the worst hit due to this pandemic. Due to intermittent lockdowns in different parts of the world, people were confined to their homes and were able to go out and shop for necessary items. Analysts are optimistic that the travel industry will gain revival during 2021 once the vaccine for coronavirus reaches every country of this planet. Airlines laid off several workers due to a grinding halt in travel. It is a good omen that the US Congress approved a sum of $900 billion as a bailout package. Under this package, $15 billion will be spent to re-hire the airline workers. Airlines stocks will be a wise investment in the long-run. It won’t be a good idea to think about the revival of this industry in the short-run. In this article, we have reviewed Top 10 Best Airline Stocks to Buy for long-term investors that are listed by Insider Monkey in Yahoo post.
A popular airline company Alaska Air Group, Inc. is fifth on the list of best stocks to buy. This airline, according to various analyses, is in a better financial and economical position as compared to its competitor airlines. Another factor for this airline to be in the limelight is that it ordered various 737 Max Boeing airplanes. This is the first order from any US jet airliner. The Federal Aviation Administration slapped a ban on 737 Max airplanes after 2 deadly accidents. Another company is the American Airlines Group, Inc. This airline has already started to recall its terminated employees. Flights attendants, stewards, and support employees have already been issued call letters. It was witnessed that the airline suffered a loss of $2.4 billion, resulting in a fall of 73% of its revenue. Despite sluggish growth and business, the airline recently announced plans to expand its flight operations to more across Latin American and Caribbean destinations. The airline administration anticipated that there will be an increase in the demand during 2021 as things start getting normal and the aviation industry rebounds after witnessing a hard time. For more information about other airlines, please read article 10 Best Airline Stocks To Buy For 2021 by Insider Monkey.
