4 Airline Stocks Ready to Take Off With 50%+ Earnings Surge
investing.comWith most sectors within the travel industry finally surpassing pre-pandemic levels of activity in 2023, our focus turns to the some of the greatest beneficiaries of this upswing: a selected quartet of airline stocks expected to post earnings growth of more than 50% this year.
One of the best ways to gain exposure to the industry is through the U.S. Global Jets ETF (NYSE:JETS).
This ETF boasts a portfolio of 51 holdings that encompass industry stalwarts like Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), American Airlines (NASDAQ:AAL), Southwest Airlines Company (NYSE:LUV), and Alaska Air (NYSE:ALK).
Launched on April 30, 2015, this ETF comes with a 0.60% fee and, as of August 18, boasts a 2023 yield of +13%. Its top holdings include Delta Air Lines at 10.93%, American Airlines at 10%, Southwest Airlines at 10%, United Airlines at 9.90%, alongside Hawaiian Holdings (NASDAQ:HA) at 3.49%, and SkyWest (NASDAQ:SKYW) at 3.45%.
Skewed towards mid- and large-cap companies, the ETF allocates a modest 4.2% to small-cap entities. The United States takes center stage in country representation, followed by Canada, Japan, Brazil, and France.
So Without further ado, let's delve into four airline stocks integral to the aforementioned ETF, leveraging the insights provided by InvestingPro.
Presently, American Airlines operates flights between Dallas and Shanghai (China) four times a week. Notably, the U.S. government has granted approval for doubling the flight frequency between the two nations, set to commence in January.
The company's recent earnings, unveiled on July 20, surpassed all market expectations. Notably, both revenue and earnings per share exceeded predictions, with the latter even surpassing forecasts by an
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