3 Airline Stocks to Bet on Currently Amid Falling Oil Price
The Zacks Transportation – Airline industry is being aided by declining fuel costs. This is because expenses on fuel represent a key input cost for airlines. To combat the tariff-induced decline in air travel demand, airlines are cutting capacity to drive growth. This shareholder-friendly approach of airlines bodes well.
As a result, we believe that investors interested in the industry would do well to bet on stocks like SkyWest SKYW, Frontier Group ULCC and Allegiant Travel Company ALGT for higher returns.
About the Industry
The Zacks Airline industry players are engaged in transporting passengers and cargo to various destinations globally. Most operators maintain a fleet of multiple mainline jets in addition to several regional…
