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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
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
SNCY
SUN COUNTRY AIRLINES HOLDINGS INC
58
71
43
67
50
–
ALGT
ALLEGIANT TRAVEL CO
52
71
43
67
40
40
UAL
UNITED AIRLINES HOLDINGS INC
49
71
43
11
70
–
ATSG
AIR TRANSPORT SERVICES GROUP INC
44
71
29
44
30
–
RYAAY
RYANAIR HOLDINGS PLC
44
29
57
67
70
0

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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 58, which is 25 points higher than the airline industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. Sun Country Airlines Holdings has seen its stock lose -26.51% over the past year, underperforming other airline stocks by -31 percentage points.

Sun Country Airlines Holdings has an average 1 year price target of $18.33, an upside of 35.8% from Sun Country Airlines Holdings's current stock price of $13.50.

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. Allegiant Travel Co (NASDAQ:ALGT)


Allegiant Travel Co (NASDAQ:ALGT) is the second best airline stock with a Zen Score of 52, which is 19 points higher than the airline industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Allegiant Travel Co has seen its stock lose -45.23% over the past year, underperforming other airline stocks by -50 percentage points.

Allegiant Travel Co has an average 1 year price target of $75.60, an upside of 40.83% from Allegiant Travel Co's current stock price of $53.68.

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.

3. United Airlines Holdings (NASDAQ:UAL)


United Airlines Holdings (NASDAQ:UAL) is the third best airline stock with a Zen Score of 49, which is 16 points higher than the airline industry average of 33. It passed 16 out of 33 due diligence checks and has strong fundamentals. United Airlines Holdings has seen its stock return 14.1% 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 24.62% from United Airlines Holdings's current stock price of $50.67.

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.

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 29.07%, which is 22 percentage points higher than the airline industry average of 6.79%.

Spirit Airlines's dividend payout ratio of -29.3% 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 4.18%, which is -3 percentage points lower than the airline industry average of 6.79%. 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 3.35%, which is -3 percentage points lower than the airline industry average of 6.79%. 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 28.5% indicates that its dividend yield is sustainable for the long-term.

Why are airline stocks down?

Airline stocks were down -0.06% in the last day, and down -2.21% 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 35 points higher than the airline industry average of 36. It passed 5 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has gained 14.1% in the past year. It has overperformed other stocks in the airline industry by 9 percentage points.

2. Air Transport Services Group (NASDAQ:ATSG)


Air Transport Services Group (NASDAQ:ATSG) is the second most undervalued airline stock based on WallStreetZen's Valuation Score. Air Transport Services Group has a valuation score of 71, which is 35 points higher than the airline industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Air Transport Services Group's stock has dropped -38.4% in the past year. It has underperformed other stocks in the airline industry by -43 percentage points.

3. Allegiant Travel Co (NASDAQ:ALGT)


Allegiant Travel Co (NASDAQ:ALGT) is the third most undervalued airline stock based on WallStreetZen's Valuation Score. Allegiant Travel Co has a valuation score of 71, which is 35 points higher than the airline industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Allegiant Travel Co's stock has dropped -45.23% in the past year. It has underperformed other stocks in the airline industry by -50 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 26.59% 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 14.8x.
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