For Immediate Release
Chicago, IL – May 3, 2024 – Today, Zacks Investment Ideas feature highlights Boeing BA, Airbus EADSY, United Airlines UAL, Airline Azul AZUL and Delta Airlines DAL.
Airline Stocks Fly High: Buy These 3
Despite ongoing quality issues at airplane manufacturer Boeing, sky-high oil prices, and supply chain issues, airline stocks are performing surprisingly well of late and deserve a second look from investors. Against all odds, the Zacks Transportation-Airline industry is a top 37% group (93 out of 251), and the U.S. Global Jets ETF, a proxy for airline stocks, is up an impressive32% over the past six months, far outpacing the S&P 500 Index.
Often, stocks tend to turn long before it’s obvious that the underlying industry has turned. As Wayne Gretzky says, “Skate to where the puck is going not to where it has been.” Below are three ways to play a potential turn in the airline industry.
Boeing
The global airline manufacturing market is dominated by to major…
