Aiming for the sky? Here’re 7 fast-growing airline stocks to explore

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Aiming for the sky? Here’re 7 fast-growing airline stocks to explore

 Aiming for the sky? Here’re 7 fast-growing airline stocks to explore
Image source: ekapol sirachainan,Shutterstock

Summary

  • Delta Air Lines (NYSE: DAL) reported revenue of US$7.1 billion in Q2, 2021.
  • JetBlue Airways Corp (Nasdaq: JBLU) recorded a net income of US$64 million in Q2 this year.
  • Spirit Airlines Inc (NYSE: SAVE) has a market capitalization of US$2.8 billion.

Airline stocks are companies that run air cargo or passenger services. They offer flight, aircraft leasing, and travel management services.

The airline industry was badly hit during the pandemic. So, there was little business. However, with the improvement in the covid situation and the economic recovery, more people are flocking to the airports for travel.

                       

7 fast Growing Airline Stocks to Explore

 

Although it may take some time to return to the comfort levels of the pre-pandemic times, the industry is already enthused with the prospects from a positive economic outlook.

Here we look at some of the fastest-growing airline stocks in the market today.

Delta Air Lines (NYSE: DAL)

The stock of the airline company traded at US$41.031 at 1.48 pm ET on August 11, up 1.41 percent from the August 10 closing price. The stock value went up by 1.93 percent YTD.

Source: Pixabay.

The total revenue of the passenger and cargo airline company in Q2 this year was US$7.1 billion compared to US$1.4 billion in Q2 last year. The company reported a net income of US$652 million in Q2, 2021, against a loss of US$3.7 billion in Q2 the previous year.

The market capitalization of the company is US$26.2 billion. The forward P/E one year is -10.96. The earnings per share (EPS) is US$-10.49. The highest and lowest stock price of the DAL for 52 weeks was US$52.28 and US$27.02. The share volume is 8,783,256.

Also read: Can these 5 green EV stocks be the blue chips of future?

JetBlue Airways Corporation (Nasdaq: JBLU)

The stock of the passenger carrier traded at US$15.715 at 1.57 pm ET on August 11, up 1.39 percent from the August 10 closing price. The stock value went up by 8.29 percent YTD.

The total revenue of the airline in Q2 was US$1.4 billion against US$215 million in Q2 the previous year. The net income for the period was US$64 million against a loss of US4320 million in Q2 last year.

The market capitalization of the US-based company is US$5 billion. The forward P/E one year is -7.21, and the EPS is US$-3.36. The highest and lowest stock price of JBLU for 52 weeks was US$21.96 and US$10.52. The share volume is 4,284,842.

Source: Pixabay.

Southwest Airlines Company (NYSE: LUV)

The stock of the airline company traded at US$51.56 at 2.03 pm ET on August 11, up by 0.83 percent over the August 10 closing price. The stock value of the LUV went up by 10.94 percent YTD.

The total revenue of the US-based company in Q2 this year was US$4 billion against US$1 billion in Q2 previous year. The net income for the period was US$348 million against a loss of US$915 million in Q2 last year.

The market capitalization of the multinational company is US$30.5 billion. The forward P/E one year is -39.02, and the EPS is US$-2.74. The highest and lowest stock price of the LUV for 52 weeks was US$64.75 and US$33.48. The share volume is 5,462,890.

Alaska Air Group, Inc. (NYSE: ALK)

The stock of the carrier of passengers and cargo traded at US$59.15 at 2.17 pm ET on August 11, up 1.16 percent from the August 10 closing price. The stock value of ALK went up by 13.65 percent YTD.

The total revenue of the global company in Q2 this year was US$1.5 billion against US$421 million in Q2 the previous year. The net income for the period was US$397 million versus losses of US$214 million in Q2 last year.

The market capitalization of the multinational company is US$7.4 billion. The forward P/E one year is -40.60, and the EPS is US$-4.86. The highest and lowest stock price of ALK for 52 weeks was US$74.25 and US$34.83. The share volume is 1,123,630.

Spirit Airlines Inc (NYSE: SAVE)

The stock of the US-based airline traded at US$26.04 at 2.31 pm ET on August 11, up 0.42 percent from the August 10 closing price. The stock value went up by 6.48 percent YTD.

The total revenue of the global company in Q2 this year was US$859.3 million against US$138.5 million in Q2 the previous year. The net loss for the period was US$287.9 million versus losses of US$58.9 million in Q2 last year.

The market capitalization of the multinational company is US$2.8 billion. The forward P/E one year is -11.37, and the EPS is US$-6.56. The highest and lowest stock price of SAVE for 52 weeks was US$40.77 and US$15.05. The share volume is 3,480871.

Also read: Top six S&P 500 healthcare stocks to explore in covid times

Mesa Air Group Inc (Nasdaq: MESA)

The stock of the international airline traded at US$8.28 at 2.36 pm ET on August 11, up 2.99 percent from the August 10 closing price. The stock value of MESA went up by 24.36 percent YTD.

The total revenue of the passenger and cargo carrier in Q2 this year was US$125.2 million against US$73.1 million in Q2 the previous year. The net loss for the period was US$4.3 million versus losses of US$3.4 million in Q2 last year.

The market capitalization of the multinational company is US$297 million. The P/E ratio is  8.68, and the EPS is US$0.96. The forward P/E one year is 9.45. The highest and lowest stock price of MESA for 52 weeks was US$17.40 and US$2.80. The share volume is 584,783.

American Airlines Group Inc (Nasdaq: AAL)

The stock of the multinational airline traded at US$21.148 at 2.44 pm ET on August 11, up 0.99 percent from the last closing price. The stock value of AAL went up by 13 percent YTD.

The total revenue of the passenger and cargo carrier in Q2 this year was US$7.4 billion against US$1.6 billion in Q2 previous year. The net income for the period was US$19 million versus losses of US$2 billion in Q2 last year.

The market capitalization of the multinational company is US$ 13.6 billion. The EPS is US$-10.46, while the annual dividend is US$0.40. The forward P/E one year is -3. The highest and lowest stock price of AAL for 52 weeks was US$26.09 and US$10.63. The share volume is 32,292,291.

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