5 Best Airline Stocks To Buy For June 2021

The last couple of months was brutal to the travel industry, making it harder for investors to pick the best airline stocks. The global pandemic inversely affected travel at all levels, with many airlines having to trim down their workforce.

However, things seem to be looking up with the rollout of vaccines by several pharmaceutical companies. The lockdowns are slowly being lifted, and the airline industry is ready to pick up from where it left off at the beginning of 2020. If you are looking to invest in the airline industry, here’s a rundown of the five best airline stocks with the best growth potential for the month of June.

1. Delta Air Lines (NYSE: DAL)

Starting off the list is Georgia-based airline operator Delta Air Lines. The US-based aviation service provider is a notable player in the industry, boasting over 5,000 daily departures and more than 15,000 affiliated departures through its multiple partnerships. With its 788 airline carriers, Delta Airlines serves over 300 destinations in 50 different countries. The airline served over 200 million customers before the lockdown in March 2020.

Delta says it is ready to serve travel-hungry customers with the gradual lift of travel restrictions while following all the necessary health procedures. Making the announcement, CEO Ed Bastian said that all new employees would need to be vaccinated before joining the fleet. Delta’s 75,000 strong workforces would be vaccinated before they can serve customers.

Meanwhile, Bastian has said the travel industry is set for a rally given the gradual opening of businesses and the ease surrounding travels. Making a forecast, he noted trips should resume fully in September.

Trading at an inexpensive $46.50 at the close of trade on Friday, DAL stock is a bargain for investors.

2. Southwest Airlines (NYSE: LUV)

Texas-based US flight operator Southwest Airlines boasts 737 airline carriers serving over 115 destinations in the US and ten countries.

Given that Southwest focuses on the US market, its LUV stock may see an uptrend in the next couple of weeks.
To aid welcome its customers Southwest is giving away over 50 million bonus points, gift cards, and Companion Passes to its passengers throughout this month in commemorating its return to the air.

Southwest is also beefing up its workforce in anticipation of an inflow of customers as travel restrictions are lifted for local flights. According to the company, it is presently offering conditional job roles to interested candidates and recalling its staff on temporary leave. Currently trading at $57.57 at the close of trade, Southwest Airlines is pretty attractive.

3. Mesa Air Group Inc. (NASDAQ: MESA)

Mesa Air, operating as United Express and American Eagle, offers air flight services to all US states alongside Canada, Mexico, and the Caribbean. Mesa Air focuses on passenger transportation.

Mesa Air is also one of the fastest-growing airline stocks with earnings per share (EPS) of 180%. It also stands out on the airline stocks, with the most momentum coming in second behind VLRS with 120.6% 12-month trailing total return. Closing Friday trade at $9.64, MESA may be one of the best airline stocks to invest in during the dip.

4. Spirit Airlines Inc (NYSE: SAVE)

Next is Florida-based airline carrier Spirit Airlines. Spirit Airlines is notable for its low-cost carrier. This has seen it penetrate the US, Caribbean, and Latin America with its affordable flights. This has played out to the aircraft company’s advantage as it recorded serving over 33 million customers in 2019.

Also, Spirit Airlines is increasing its number of routes with six more destinations added. According to the VP of network planning John Kirby, this is due to the market is already outperforming expectations.

Closing at $34.35 on the intraday trade, Spirit’s SAVE stock is set for a bullish run as customers look for low-cost travel options in the coming weeks.

5. Azul S.A (NYSE: AZUL)

Last but not least is Brazil-based airline company Azul S.A, which offers several airline services. According to a company statement, Azul is looking to double its cargo revenue by the end of the year relative to 2019. This would likely boost its 2022 EBITDA relative to the 2019 EBITDA.

Azul SA provides passenger transportation, air freight, and other related services. Closing at $27.42, Azul is one of the best airline stocks with the most momentum with a 119.8% 12 months trailing total return.

 

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