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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
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
SNCY
SUN COUNTRY AIRLINES HOLDINGS INC
56
71
29
56
70
UAL
UNITED AIRLINES HOLDINGS INC
46
71
43
11
60
ALGT
ALLEGIANT TRAVEL CO
44
57
29
67
30
40
CPA
COPA HOLDINGS SA
43
43
43
0
70
60
LUV
SOUTHWEST AIRLINES CO
42
43
43
44
20
60

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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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 25 points higher than the airline industry average of 31. It passed 19 out of 33 due diligence checks and has strong fundamentals. Sun Country Airlines Holdings has seen its stock lose -36.32% over the past year, underperforming other airline stocks by -43 percentage points.

Sun Country Airlines Holdings has an average 1 year price target of $18.33, an upside of 59.14% from Sun Country Airlines Holdings's current stock price of $11.52.

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 15 points higher than the airline industry average of 31. It passed 15 out of 33 due diligence checks and has strong fundamentals. United Airlines Holdings has seen its stock return 15.82% over the past year, overperforming other airline stocks by 9 percentage points.

United Airlines Holdings has an average 1 year price target of $63.14, an upside of 19.77% from United Airlines Holdings's current stock price of $52.72.

United Airlines Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering United Airlines Holdings, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% 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 13 points higher than the airline industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Allegiant Travel Co has seen its stock lose -48.43% over the past year, underperforming other airline stocks by -56 percentage points.

Allegiant Travel Co has an average 1 year price target of $69.50, an upside of 30.05% from Allegiant Travel Co's current stock price of $53.44.

Allegiant Travel Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Allegiant Travel Co, 0% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 25% 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 26.32%, which is 20 percentage points higher than the airline industry average of 6.26%.

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

2. Copa Holdings Sa (NYSE:CPA)


Copa Holdings Sa (NYSE:CPA) has an annual dividend yield of 3.93%, which is -2 percentage points lower than the airline industry average of 6.26%. 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.

3. Allegiant Travel Co (NASDAQ:ALGT)


Allegiant Travel Co (NASDAQ:ALGT) has an annual dividend yield of 3.37%, which is -3 percentage points lower than the airline industry average of 6.26%. 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.

Why are airline stocks down?

Airline stocks were down -0.02% in the last day, and down -0.37% over the last week.

We couldn't find a catalyst for why airline stocks are down.

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 37 points higher than the airline industry average of 34. It passed 5 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has gained 15.82% in the past year. It has overperformed other stocks in the airline industry by 9 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 37 points higher than the airline industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Sun Country Airlines Holdings's stock has dropped -36.32% in the past year. It has underperformed other stocks in the airline industry by -43 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 23 points higher than the airline industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Air Transport Services Group's stock has dropped -5.17% in the past year. It has underperformed other stocks in the airline industry by -12 percentage points.

Are airline stocks a good buy now?

35.29% of airline stocks rated by analysts are a strong buy right now. On average, analysts expect airline stocks to rise by 22.89% 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 15.84x.
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.