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Best Airline Stocks to Buy Now (2024)
Top airline stocks in 2024 ranked by overall Zen Score. See the best airline stocks to buy now, according to analyst forecasts for the airlines industry.

Industry: Airlines

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
SNCY	SUN COUNTRY AIRLINES HOLDINGS INC	NASDAQ	Airlines	$579.25M	$11.01	-4.84%	$228.65M	8.53x	2.03
UAL	UNITED AIRLINES HOLDINGS INC	NASDAQ	Airlines	$18.07B	$54.96	-0.24%	$8.07B	6.71x	6.83
ALGT	ALLEGIANT TRAVEL CO	NASDAQ	Airlines	$1.01B	$55.44	-5.52%	$473.23M	17.49x	2.73
CPA	COPA HOLDINGS SA	NYSE	Airlines	$4.62B	$109.84	2.25%	$1.08B	8.59x	1.45
LUV	SOUTHWEST AIRLINES CO	NYSE	Airlines	$16.62B	$27.77	-1.28%	$2.36B	42.08x	2.53
RYAAY	RYANAIR HOLDINGS PLC	NASDAQ	Airlines	$29.20B	$128.22	-0.30%	$2.74B	19.75x	1.91
ATSG	AIR TRANSPORT SERVICES GROUP INC	NASDAQ	Airlines	$959.56M	$14.60	0.21%	$517.24M	20.00x	1.82
DAL	DELTA AIR LINES INC	NYSE	Airlines	$34.37B	$53.26	0.38%	$9.39B	6.80x	5.72
ALK	ALASKA AIR GROUP INC	NYSE	Airlines	$5.52B	$43.48	-0.69%	$945.00M	22.88x	2.73
VLRS	CONTROLADORA VUELA COMPANIA DE AVIACION SAB DE CV	NYSE	Airlines	$229.87M	$8.74	0.46%	$723.10M	124.86x	20.21
SKYW	SKYWEST INC	NASDAQ	Airlines	$3.10B	$77.04	-0.10%	$656.86M	27.32x	2.23
ULCC	FRONTIER GROUP HOLDINGS INC	NASDAQ	Airlines	$1.37B	$6.10	-2.40%	$112.00M	-55.45x	9.76
AAL	AMERICAN AIRLINES GROUP INC	NASDAQ	Airlines	$9.80B	$14.94	-1.65%	$5.05B	19.40x	-12.71
SAVE	SPIRIT AIRLINES INC	NYSE	Airlines	$444.58M	$4.06	-9.58%	-$77.58M	-0.91x	8.51
AZUL	AZUL SA	NYSE	Airlines	$730.63M	$6.28	-1.72%	$1.24B	-5.01x	-1.99
SRFM	SURF AIR MOBILITY INC	NYSE	Airlines	$34.29M	$0.41	-13.60%	-$256.97M	-0.07x	-2.02
JBLU	JETBLUE AIRWAYS CORP	NASDAQ	Airlines	$2.07B	$6.09	-4.25%	$11.00M	-2.48x	4.21
FLYX	FLYEXCLUSIVE INC	NYSEMKT	Airlines	$470.82M	$6.05	5.22%	$2.37M	N/A	10.45
MESA	MESA AIR GROUP INC	NASDAQ	Airlines	$37.17M	$0.91	-1.30%	-$18.58M	-0.30x	3.49
HA	HAWAIIAN HOLDINGS INC	NASDAQ	Airlines	$711.89M	$13.73	1.85%	-$129.47M	-2.37x	-95.25

Airline Stocks FAQ

What are the best airline stocks to buy right now in May 2024?

According to Zen Score, the 3 best airline stocks to buy right now are:

1. Sun Country Airlines Holdings (NASDAQ:SNCY)

Sun Country Airlines Holdings (NASDAQ:SNCY) is the top airline stock with a Zen Score of 56, which is 26 points higher than the airline industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Sun Country Airlines Holdings has seen its stock lose -39.61% over the past year, underperforming other airline stocks by -46 percentage points.

Sun Country Airlines Holdings has an average 1 year price target of $18.33, an upside of 66.51% from Sun Country Airlines Holdings's current stock price of $11.01.

Sun Country Airlines Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Sun Country Airlines Holdings, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. United Airlines Holdings (NASDAQ:UAL)

United Airlines Holdings (NASDAQ:UAL) is the second best airline stock with a Zen Score of 46, which is 16 points higher than the airline industry average of 30. It passed 15 out of 33 due diligence checks and has strong fundamentals. United Airlines Holdings has seen its stock return 21.59% over the past year, overperforming other airline stocks by 15 percentage points.

United Airlines Holdings has an average 1 year price target of $63.90, an upside of 16.27% from United Airlines Holdings's current stock price of $54.96.

United Airlines Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering United Airlines Holdings, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Allegiant Travel Co (NASDAQ:ALGT)

Allegiant Travel Co (NASDAQ:ALGT) is the third best airline stock with a Zen Score of 44, which is 14 points higher than the airline industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Allegiant Travel Co has seen its stock lose -44.39% over the past year, underperforming other airline stocks by -51 percentage points.

Allegiant Travel Co has an average 1 year price target of $67.60, an upside of 21.93% from Allegiant Travel Co's current stock price of $55.44.

Allegiant Travel Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Allegiant Travel Co, 0% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

What are the airline stocks with highest dividends?

Out of 6 airline stocks that have issued dividends in the past year, the 3 airline stocks with the highest dividend yields are:

1. Spirit Airlines (NYSE:SAVE)

Spirit Airlines (NYSE:SAVE) has an annual dividend yield of 24.63%, which is 19 percentage points higher than the airline industry average of 6.13%.

Spirit Airlines's dividend payout ratio of -22.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Allegiant Travel Co (NASDAQ:ALGT)

Allegiant Travel Co (NASDAQ:ALGT) has an annual dividend yield of 4.33%, which is -2 percentage points lower than the airline industry average of 6.13%. Allegiant Travel Co's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Allegiant Travel Co's dividend has not shown consistent growth over the last 10 years.

Allegiant Travel Co's dividend payout ratio of 56.8% indicates that its dividend yield is sustainable for the long-term.

3. Copa Holdings Sa (NYSE:CPA)

Copa Holdings Sa (NYSE:CPA) has an annual dividend yield of 3.71%, which is -2 percentage points lower than the airline industry average of 6.13%. Copa Holdings Sa's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Copa Holdings Sa's dividend has shown consistent growth over the last 10 years.

Copa Holdings Sa's dividend payout ratio of 31.8% indicates that its dividend yield is sustainable for the long-term.

Why are airline stocks down?

Airline stocks were down -0.48% in the last day, and up 2.26% over the last week. Surf Air Mobility was the among the top losers in the airlines industry, dropping -13.6% yesterday.

Surf Air Mobility shares are trading lower after the company reported worse-than-expected Q1 2024 GAAP EPS results. Also, Canaccord Genuity downgraded from Buy to Hold and lowered its price target from $2.5 to $1.

What are the most undervalued airline stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued airline stocks right now are:

1. United Airlines Holdings (NASDAQ:UAL)

United Airlines Holdings (NASDAQ:UAL) is the most undervalued airline stock based on WallStreetZen's Valuation Score. United Airlines Holdings has a valuation score of 71, which is 40 points higher than the airline industry average of 31. It passed 5 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has gained 21.59% in the past year. It has overperformed other stocks in the airline industry by 15 percentage points.

2. Sun Country Airlines Holdings (NASDAQ:SNCY)

Sun Country Airlines Holdings (NASDAQ:SNCY) is the second most undervalued airline stock based on WallStreetZen's Valuation Score. Sun Country Airlines Holdings has a valuation score of 71, which is 40 points higher than the airline industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Sun Country Airlines Holdings's stock has dropped -39.61% in the past year. It has underperformed other stocks in the airline industry by -46 percentage points.

3. Air Transport Services Group (NASDAQ:ATSG)

Air Transport Services Group (NASDAQ:ATSG) is the third most undervalued airline stock based on WallStreetZen's Valuation Score. Air Transport Services Group has a valuation score of 57, which is 26 points higher than the airline industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Air Transport Services Group's stock has dropped -9.26% in the past year. It has underperformed other stocks in the airline industry by -16 percentage points.

Are airline stocks a good buy now?

42.11% of airline stocks rated by analysts are a strong buy right now. On average, analysts expect airline stocks to rise by 21.12% over the next year.

What is the average p/e ratio of the airlines industry?

The average P/E ratio of the airlines industry is 15.82x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.