ALGT - These 2 Ultra-Low-Cost Airlines Are Poised for Takeoff
With air travel making a comeback from the pandemic's blow to the industry, airline stocks are also due for a recovery. Folks are getting back out there for both leisure and business travel, and the global low-cost airlines market is expected to hit more than $300 billion over the next five years -- suggesting an impressive annual growth rate of nearly 10%.
Ultra-low-cost carriers -- also known as budget airlines -- provide affordable travel with limited amenities compared to the major airlines. Read on to learn more about two ultra-low-cost airline stocks -- and which is better poised for a steep ascent.
Based in Las Vegas, Nevada, Allegiant Travel (NASDAQ: ALGT) carries its passengers to and from mid-size cities across the country as well as world-class vacation destinations. The company boasts "base airfares less than half the cost of the average domestic round-trip ticket."
For further details see:
These 2 Ultra-Low-Cost Airlines Are Poised for Takeoff