AAL to LUV: Top 5 airlines stocks to watch after new mask rule

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AAL to LUV: Top 5 airlines stocks to watch after new mask rule

AAL to LUV: Top 5 airlines stocks to explore after new mask rule
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Highlights:

  • Southwest Airlines Company (NYSE: LUV) will report its first quarter fiscal 2022 results on April 28.
  • Delta Air Lines, Inc. (NYSE: DAL) reported a revenue of US$9.34 billion in Q1, FY22.
  • Spirit Airlines, Inc. (NYSE: SAVE) revenue surged over 98% YoY in Q4, FY21.

Airline stocks are in focus after a federal judge struck down the Biden administration's masking requirements for travellers. The judge ruled it is not mandatory for public transport. In addition, despite elevated inflation and rising oil costs, travel demand remained strong. Here we explore some of the top airline stocks that may benefit from the increasing travel demand.

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United Airlines Holdings, Inc. (NASDAQ: UAL)

United Airlines is one of the leading US airlines that operates a large fleet of domestic and international carriers across various locations. It is based in Chicago, Illinois.

The shares of the company traded at US$46.69 at 12:05 pm ET on April 20, up 1.61% from their closing price of April 19. Its stock value increased by 1.01% YTD.

The firm has a market cap of US$15.20 billion, and a forward one-year P/E ratio of -17.81. Its EPS is US$-6.18.

The 52-week highest and lowest stock prices were US$60.59 and US$30.54, respectively. Its trading volume was 13,667,410 on April 19.

The company reported a revenue of US$7.56 billion in Q1, FY22, as compared to US$3.22 billion in the year-ago quarter. Its net loss came in at US$1.37 billion, against a loss of US$1.35 billion in Q1, FY21.

Meanwhile, the company now expects to have its highest quarterly revenue in the company history in the second quarter of fiscal 2022.

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Top airlines stocks to explore in Q2Source: ©2022 Kalkine Media®

Southwest Airlines Company (NYSE: LUV)

Southwest Airlines is also one of the major airlines in the US and is one of the world's largest low-cost carriers. It is based in Dallas, Texas.

The stock of the company traded at US$47.37 at 12:24 pm ET on April 20, up 0.04% from its previous closing price. The LUV stock rose 7.61% YTD.

The market cap of the company is US$28.09 billion, the P/E ratio is 29.62, and the forward one-year P/E ratio is 39.79. Its EPS is US$1.60.

The stock saw the highest price of US$63.70 and the lowest price of US$36.75 in the last 52 weeks. Its share volume on April 19 was 6,060,936.

The company is expected to report its first-quarter fiscal 2022 earnings results on April 28, before the opening bell.

Meanwhile, in the fourth quarter of fiscal 2021, the company's revenue surged 150.9% YoY to US$5.05 billion, while its net income came in at US$68 million, or US$0.11 per diluted share. For fiscal 2021, the company's total operating revenue jumped 74.5% YoY to US$15.79 billion.

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Delta Air Lines, Inc. (NYSE: DAL)

Delta Air Lines is one of the oldest airlines in the US that provides passenger and cargo transportation throughout the US and overseas. It is based in Atlanta, Georgia.

The shares of the company traded at US$43.96 at 12:26 pm ET on April 20, up 2.14% from their closing price of April 19. Its stock value soared 6.83% YTD.

The firm has a market cap of US$28.25 billion, a P/E ratio of 55.78, and a forward one-year P/E ratio of 17.08. Its EPS is US$0.79.

The 52-week highest and lowest stock prices were US$48.54 and US$29.75, respectively. Its trading volume was 18,452,970 on April 19.

The company reported a revenue of US$9.34 billion in Q1, FY22, as compared to US$10.47 billion in the same quarter of 2019. Its net loss came in at US$940 million, or US$1.48 per diluted share, as compared to an income of US$730 million, or US$1.09 per diluted share in Q1, FY19.

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Spirit Airlines, Inc. (NYSE: SAVE)

Spirit Airlines is one of the major low-cost carriers based in Miramar, Florida. This commercial airline offers passenger transportation services in various routes.

The stock of the company traded at US$25.53 at 12:33 pm ET on April 20, down 0.20% from its previous closing price. The SAVE stock rose 13.79% YTD.

The market cap of the company is US$2.77 billion, and the forward one-year P/E ratio is -13.90. Its EPS is US$-4.54.

The stock saw the highest price of US$38.48 and the lowest price of US$18.26 in the last 52 weeks. Its share volume on April 19 was 1,980,719.

The company's revenue increased by 98.1% YoY to US$987.6 million in Q4, FY21, whole its net loss came in at US$87.2 million, or US$0.80 per diluted share. For fiscal 2021, its revenue increased by 79.9% YoY to US$3.23 billion.

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Top airline stocks: UAL, LUV, DAL, SAVE, AAL

American Airlines Group Inc. (NASDAQ: AAL)

American Airlines is one of the leading airlines in the US and is among the largest airlines globally based on its fleet size, passengers carried, etc. It is based in Forth Worth, Texas.

The shares of the company traded at US$19.72 at 12:38 pm ET on April 20, up 0.66% from their closing price of April 19. Its stock value ticked up 4.48% YTD.

The firm has a market cap of US$12.79 billion, and a forward one-year P/E ratio of -5.63. Its EPS is US$-3.13.

The 52-week highest and lowest stock prices were US$26.04 and US$12.44, respectively. Its trading volume was 41,227,990 on April 19.

The company reported a revenue of US$8.89 billion in Q1, FY22, as compared to US$4.01 billion in the year-ago quarter. Its net loss came in at US$1.63 billion, against a loss of US$1.25 billion in Q1, FY21.

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Bottom line:

The new Covid-19 cases have raised concerns in the market, fearing a return of the disruptions witnessed in 2020. Investors should closely evaluate the companies and the market conditions given the uncertainties before investing in the stock market.

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