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Best Airline Stocks to Buy Now (2023)
Top airline stocks in 2023 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
SNCY
SUN COUNTRY AIRLINES HOLDINGS INC
$938.14MN/A0.00%N/AN/AN/AN/A
ULCC
FRONTIER GROUP HOLDINGS INC
$1.06BN/A0.00%N/AN/AN/AN/A
ALGT
ALLEGIANT TRAVEL CO
$1.39B1.59%6.40%$0.6000$1.2029%3
DAL
DELTA AIR LINES INC
$25.96B0.50%3.80%$0.1000$0.206%1
LUV
SOUTHWEST AIRLINES CO
$17.38B2.47%86.70%$0.1800$0.7245%02023-12-202024-01-11
ATSG
AIR TRANSPORT SERVICES GROUP INC
$1.02BN/A0.00%N/AN/AN/AN/A
UAL
UNITED AIRLINES HOLDINGS INC
$13.53BN/A0.00%N/AN/AN/AN/A
RYAAY
RYANAIR HOLDINGS PLC
$28.73BN/A0.00%$1.6600N/AN/A1
CPA
COPA HOLDINGS SA
$3.89B3.33%0.00%$0.8200$3.2858%32023-12-15
ALK
ALASKA AIR GROUP INC
$4.61BN/A0.00%$0.3750N/AN/A0
AAL
AMERICAN AIRLINES GROUP INC
$9.09BN/A0.00%$0.1000N/AN/A0
JBLU
JETBLUE AIRWAYS CORP
$1.82BN/A0.00%N/AN/AN/AN/A
HA
HAWAIIAN HOLDINGS INC
$710.48MN/A0.00%$0.1200N/AN/A0
MESA
MESA AIR GROUP INC
$50.63MN/A0.00%N/AN/AN/AN/A
SAVE
SPIRIT AIRLINES INC
$1.59B7.57%-20.40%$0.1000$1.1088%0
AZUL
AZUL SA
$1.19BN/A0.00%N/AN/AN/AN/A
VLRS
CONTROLADORA VUELA COMPANIA DE AVIACION SAB DE CV
$942.19MN/A0.00%N/AN/AN/AN/A
GOL
GOL INTELLIGENT AIRLINES INC
$1.13BN/A0.00%$0.0003N/AN/A0
SKYW
SKYWEST INC
$1.98BN/A0.00%$0.1400N/AN/A0

Airline Stocks FAQ

What are the best airline stocks to buy right now in Dec 2023?

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 61, which is 24 points higher than the airline industry average of 37. It passed 20 out of 33 due diligence checks and has strong fundamentals. Sun Country Airlines Holdings has seen its stock lose -5.87% over the past year, underperforming other airline stocks by -17 percentage points.

Sun Country Airlines Holdings has an average 1 year price target of $21.40, an upside of 23.49% from Sun Country Airlines Holdings's current stock price of $17.33.

Sun Country Airlines Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Sun Country Airlines Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Frontier Group Holdings (NASDAQ:ULCC)


Frontier Group Holdings (NASDAQ:ULCC) is the second best airline stock with a Zen Score of 60, which is 23 points higher than the airline industry average of 37. It passed 19 out of 33 due diligence checks and has strong fundamentals. Frontier Group Holdings has seen its stock lose -60.7% over the past year, underperforming other airline stocks by -72 percentage points.

Frontier Group Holdings has an average 1 year price target of $8.21, an upside of 70.69% from Frontier Group Holdings's current stock price of $4.81.

Frontier Group Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Frontier Group Holdings, 30% have issued a Strong Buy rating, 10% have issued a Buy, 60% 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 56, which is 19 points higher than the airline industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Allegiant Travel Co has seen its stock return 5.04% over the past year, underperforming other airline stocks by -7 percentage points.

Allegiant Travel Co has an average 1 year price target of $103.29, an upside of 36.82% from Allegiant Travel Co's current stock price of $75.49.

Allegiant Travel Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Allegiant Travel Co, 14.29% have issued a Strong Buy rating, 28.57% have issued a Buy, 57.14% 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 5 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 7.57%, which is 4 percentage points higher than the airline industry average of 3.09%.

Spirit Airlines's dividend payout ratio of -20.4% 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 3.33%, which is the same as the airline industry average of 3.09%. 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 not shown consistent growth over the last 10 years.

Copa Holdings Sa's dividend payout ratio of 0% indicates that its 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 2.47%, which is -1 percentage points lower than the airline industry average of 3.09%. 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 86.7% indicates that its dividend yield is sustainable for the long-term.

Why are airline stocks up?

Airline stocks were up 2.18% in the last day, and up 7.87% over the last week. Jetblue Airways was the among the top gainers in the airlines industry, gaining 15.22% yesterday.

JetBlue shares are trading higher after the company raised Q4 and FY23 guidance. The company said travel demand remains strong and that it experienced strong operational performance in November.

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 47 points higher than the airline industry average of 53. It passed 7 out of 7 valuation due diligence checks.

United Airlines Holdings's stock has dropped -6.35% in the past year. It has underperformed other stocks in the airline industry by -18 percentage points.

2. Frontier Group Holdings (NASDAQ:ULCC)


Frontier Group Holdings (NASDAQ:ULCC) is the second most undervalued airline stock based on WallStreetZen's Valuation Score. Frontier Group Holdings has a valuation score of 100, which is 47 points higher than the airline industry average of 53. It passed 7 out of 7 valuation due diligence checks.

Frontier Group Holdings's stock has dropped -60.7% in the past year. It has underperformed other stocks in the airline industry by -72 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 86, which is 33 points higher than the airline industry average of 53. It passed 6 out of 7 valuation due diligence checks.

Allegiant Travel Co's stock has gained 5.04% in the past year. It has underperformed other stocks in the airline industry by -7 percentage points.

Are airline stocks a good buy now?

33.33% of airline stocks rated by analysts are a strong buy right now. On average, analysts expect airline stocks to rise by 30.03% 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 30.29x.
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.