3 Undervalued Airline Stocks to Buy Before They Take Off
It’s been an extremely difficult few years for the airline industry. Carriers around the world were more directly impacted by the Covid-19 pandemic than just about any other economic sector. The International Air Transport Association estimates that the worldwide pandemic cost airlines more than $200 billion in financial losses since 2020. Airline stocks have been decimated as a result, with most still trading more than 50% lower than where they were at before the coronavirus was declared a pandemic by the World Health Organization (WHO). This opens up an opportunity for investors to pick up some of the best-undervalued airline stocks. The good news is that travel has returned this year and airlines in the U.S. and abroad are starting to show signs of recovery. Many carriers recently announced a return to profitability and are aggressively paying down the debt they accumulated over the last two years as their planes sat idle. It likely won’t be long before airline stocks once again take off.
3 Undervalued Airline Stocks to Buy Before They Take Off
It’s been an extremely difficult few years for the airline industry. Carriers around the world were more directly impacted by the Covid-19 pandemic than just about any other economic sector. The International Air Transport Association estimates that the worldwide pandemic cost airlines more than $200 billion in financial losses since 2020. Airline stocks have been decimated as a result, with most still trading more than 50% lower than where they were at before the coronavirus was declared a pandemic by the World Health Organization (WHO). This opens up an opportunity for investors to pick up some of the best-undervalued airline stocks. The good news is that travel has returned this year and airlines in the U.S. and abroad are starting to show signs of recovery. Many carriers recently announced a return to profitability and are aggressively paying down the debt they accumulated over the last two years as their planes sat idle. It likely won’t be long before airline stocks once again take off.