SKYW - 3 Airline Stocks You Should Keep an Eye on in 2H24 | Benzinga
Airline stocks have been flying high, primarily owing to strong passenger revenues. Air travel demand has roared back from the pandemic lows and is particularly strong on the leisure front. Demand for business travel is also bouncing back nicely. Driven by upbeat passenger volumes, stocks in the airline industry have performed well in the first half of 2024.
With passenger traffic anticipated to remain high throughout the year, airline stocks are expected to perform strongly in the latter half of 2024 as well. Passenger volumes are likely to move further northward in the ongoing summer season. Per Airlines for America, U.S. airlines are anticipated to carry 271 million passengers from Jun 1 to Aug 31, 2024.
The projection marks an all-time high. Air travel is expected to soar over the Labor Day holiday period later this year as well. It is also anticipated to be high during winter, thereby keeping airlines in good shape. Moreover, efforts to reward shareholders by the industry players indicate financial strength.
This optimism ...