Should Investors Consider These Airline Stocks To Buy Now? 3 Names To Watch

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Best Airline Stocks To Buy [Or Sell] Now: American Airlines Group Inc.

First up on the list is, American Airlines Group Inc. (AAL Stock Report[10]). American Airlines is one of the largest airline companies in the world. The airline has more than 200 million passengers every year, and more than 500,000 passengers daily. Obviously, the COVID-19 pandemic has hugely impacted these numbers, but as we’re on the brink of distributing a vaccine, we’ve seen AAL stock move higher. Month-to-date AAL stock has recovered 11.97% closing Friday’s trading session at $12.53 a share.

In October the company reported its third-quarter earnings. The losses were more narrow than analysts and investors estimated. The company reported revenues of $3.2 billion, a 73% drop year-over-year. This still beats loss expectations from Wall Street. American Airlines also reported a 59% decrease in total available seat miles, and a net loss for the third quarter of $2.4 billion.

Doug Parker, CEO of American Airlines mentioned, “We have a long road ahead and our team remains fully engaged and focused not just on managing through the pandemic, but on making sure we are prepared for when demand returns.”

So why is AAL stock on this list? Well, as we continue to get positive vaccine updates you will start to see re-opening stocks continue to move higher. This will have a direct impact on airline stocks in the market as more people get back to leisure and business travel. Being that American Airlines is one of the biggest airline companies in the world, should you consider AAL stock now for your long-term portfolio?

Best Airline Stocks To Buy [Or Sell] Now: United Airline Holdings

Next up on the list is United Airline Holdings (UAL Stock Report[11]). Analysts from JP Morgan have reported that United Airlines is one of the best airline stocks to buy right now. Analysts are optimistic that United Airlines can absorb the current downturn with enough liquidity. They also see a big potential upside from its current valuation. JP Morgan has updated its price target for UAL stock from $44 to $52. Since this positive vaccine news, UAL stock has increased 24.24%, closing Friday’s trading session at $40.94 a share.

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