finance
Benzinga Lists Top Airline Stocks for Investors
Benzinga published an overview of major U.S. airline stocks and an ETF that tracks the sector. The article reviews 2019 operating and financial metrics for each carrier and notes the industry's cyclical history.
May 23, 7:15 AM·1m read3 sources
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Benzinga published a guide to airline stocks that highlights seven publicly traded names and one sector ETF. The piece focuses on 2019 operating statistics and share-price data as of the article date.
1 billion in 2018. 7 million flights and operated 791 mainline aircraft plus 581 regional aircraft. 6 billion during the year.
Alaska Air Group posted $769 million in consolidated net income for 2019, compared with $437 million the prior year. The airline carried a record 47 million passengers and marked its 16th consecutive year of adjusted profitability. It employed 24,134 people at year-end.
390. The carrier maintains hubs in Atlanta, Minneapolis-St. Paul, Detroit and Salt Lake City.
500. C.
110. The carrier provides scheduled service within the United States and near-international markets.
U.S. Global Jets ETF also appear in the list. The ETF seeks exposure to global airline operators and manufacturers. U.S. airline stocks have historically followed boom-and-bust cycles since deregulation in the late 1970s. It states that carriers such as Trans World Airlines, Braniff International and Eastern Air Lines ceased operations during earlier downturns.
