ALGT - Better Buy: Allegiant Travel vs. Sun Country Airlines
2023-04-18 10:31:00 ET
According to the International Air Transport Association (IATA), the insatiable demand for air travel we saw last year has persisted in 2023. And the trend shows no signs of slowing, with the global industry inching closer to pre-pandemic levels each month.
With that in mind, I'll compare two ultra-low-cost carriers and determine which airline stock makes a better buy in today's market.
After generating its most revenue ever last year, Allegiant Trave l (NASDAQ: ALGT) enjoyed persistent demand for its low fares and nonstop flights.
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Better Buy: Allegiant Travel vs. Sun Country Airlines