AZUL - 3 Aerospace Stocks You Can Buy and Hold for the Next Decade
The COVID-19 pandemic hit the aviation industry hard and hit the share prices of stocks in the sector. However, instead of thinking of the industry as a victim, it's time to consider that a multi-year recovery is now in place. As such, there are good long-term value opportunities in the sector, and I think aviation services company AAR Corp. (NYSE: AIR) , Brazilian airline Azul (NYSE: AZUL) , and advanced materials company Hexcel (NYSE: HXL) are worth a close look. Here's why.
Most industry observers expect domestic flight departures to return quicker than international flight departures out of the recovery. The reason is that ongoing cross-border travel restrictions will constrain a recovery in the latter. It's a viewpoint borne out in several metrics across the industry. For example, narrowbody flight departures are recovering faster than widebody flight departures because larger aircraft are used relatively more for long-haul flights.
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3 Aerospace Stocks You Can Buy and Hold for the Next Decade