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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CPA
COPA HOLDINGS SA
$4.06B$102.92$155.0050.60%Strong Buy114.75%26.91%N/AN/A
SNCY
SUN COUNTRY AIRLINES HOLDINGS INC
$802.56M$15.06$18.3321.73%Strong Buy310.17%86.88%N/AN/A
UAL
UNITED AIRLINES HOLDINGS INC
$15.50B$47.24$64.3336.18%Buy96.13%17.82%N/AN/A
ALGT
ALLEGIANT TRAVEL CO
$1.39B$76.25$84.0010.16%Hold610.31%120.26%N/AN/A
LUV
SOUTHWEST AIRLINES CO
$17.46B$29.27$32.6911.69%Buy137.42%164.82%N/AN/A
ATSG
AIR TRANSPORT SERVICES GROUP INC
$906.08M$13.80$20.3347.39%Buy30.69%93.14%N/AN/A
RYAAY
RYANAIR HOLDINGS PLC
$33.25B$146.02$151.003.41%Buy213.27%22.18%N/AN/A
DAL
DELTA AIR LINES INC
$30.44B$47.31$52.5010.97%Strong Buy61.52%-0.49%N/AN/A
ALK
ALASKA AIR GROUP INC
$5.30B$42.01$53.6027.59%Strong Buy54.91%168.85%N/AN/A
AAL
AMERICAN AIRLINES GROUP INC
$10.02B$15.30$18.5020.92%Buy104.32%156.50%N/AN/A
SKYW
SKYWEST INC
$2.80B$69.48$66.50-4.29%Buy210.96%166.02%N/AN/A
HA
HAWAIIAN HOLDINGS INC
$690.30M$13.32$8.00-39.94%Hold311.40%N/AN/AN/A
AZUL
AZUL SA
$992.40M$8.53$14.2567.06%Strong Buy230.62%N/AN/A-56.51%
SAVE
SPIRIT AIRLINES INC
$505.79M$4.62$4.33-6.21%Strong Sell36.61%N/AN/AN/A
ULCC
FRONTIER GROUP HOLDINGS INC
$1.78B$7.96$6.59-17.26%Hold714.57%N/AN/AN/A
JBLU
JETBLUE AIRWAYS CORP
$2.51B$7.41$5.68-23.36%Hold74.90%N/AN/AN/A
VLRS
CONTROLADORA VUELA COMPANIA DE AVIACION SAB DE CV
$814.72M$7.35$11.0550.34%Strong Buy28.87%N/AN/AN/A
MESA
MESA AIR GROUP INC
$35.74M$0.87N/AN/AN/AN/A12.84%N/AN/AN/A

Airline Stocks FAQ

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

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

1. Copa Holdings Sa (NYSE:CPA)


Copa Holdings Sa (NYSE:CPA) is the top airline stock with a Zen Score of 59, which is 24 points higher than the airline industry average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Copa Holdings Sa has seen its stock return 16.02% over the past year, underperforming other airline stocks by -5 percentage points.

Copa Holdings Sa has an average 1 year price target of $155.00, an upside of 50.6% from Copa Holdings Sa's current stock price of $102.92.

Copa Holdings Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Copa Holdings Sa, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Sun Country Airlines Holdings (NASDAQ:SNCY)


Sun Country Airlines Holdings (NASDAQ:SNCY) is the second best airline stock with a Zen Score of 58, which is 23 points higher than the airline industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Sun Country Airlines Holdings has seen its stock lose -19.16% over the past year, underperforming other airline stocks by -40 percentage points.

Sun Country Airlines Holdings has an average 1 year price target of $18.33, an upside of 21.73% from Sun Country Airlines Holdings's current stock price of $15.06.

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.

3. United Airlines Holdings (NASDAQ:UAL)


United Airlines Holdings (NASDAQ:UAL) is the third best airline stock with a Zen Score of 56, which is 21 points higher than the airline industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. United Airlines Holdings has seen its stock return 12.64% over the past year, underperforming other airline stocks by -9 percentage points.

United Airlines Holdings has an average 1 year price target of $64.33, an upside of 36.18% from United Airlines Holdings's current stock price of $47.24.

United Airlines Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering United Airlines Holdings, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% 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 23.81%, which is 18 percentage points higher than the airline industry average of 5.78%.

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 4.75%, which is -1 percentage points lower than the airline industry average of 5.78%. 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 0% indicates that its high dividend yield might not be sustainable for the long-term.

3. Southwest Airlines Co (NYSE:LUV)


Southwest Airlines Co (NYSE:LUV) has an annual dividend yield of 2.46%, which is -3 percentage points lower than the airline industry average of 5.78%. Southwest Airlines Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Southwest Airlines Co's dividend has shown consistent growth over the last 10 years.

Southwest Airlines Co's dividend payout ratio of 92.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are airline stocks up?

Airline stocks were up 2.12% in the last day, and up 2.55% over the last week.

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

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 100, which is 60 points higher than the airline industry average of 40. It passed 7 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has gained 12.64% in the past year. It has underperformed other stocks in the airline industry by -9 percentage points.

2. Copa Holdings Sa (NYSE:CPA)


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

Copa Holdings Sa's stock has gained 16.02% in the past year. It has underperformed other stocks in the airline industry by -5 percentage points.

3. American Airlines Group (NASDAQ:AAL)


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

American Airlines Group's stock has gained 9.76% in the past year. It has underperformed other stocks in the airline industry by -11 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 17.26% 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 15.12x.
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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.