Market News for Alaska Air Group Inc (ALK)
The economy continues to give investors mixed signals. Inflation remains at higher-than-average levels — compared to the Federal Reserve’s preferred 2% target. But that hasn’t satiated the demand for airline travel. That doesn’t mean, however, that every airline is a good investment. Poor analyst sentiment suggests there are several airline stocks to avoid. The last round of earnings reports showed passenger unit revenues increasing for major airlines such as Alaska Airlines (NYSE: ALK ), United Airlines (NASDAQ: UAL ) and Delta Air Lines (NYSE: DAL ). Each of these airlines is posting revenue and earnings that are, at the very least, on par with 2019 levels. Not surprisingly, these stocks are getting favorable sentiment from analysts. That’s not the case for the three airline stocks to sell in this article. Each may seem like a contrarian option, with air traffic being the tide that lifts all boats. But for a variety of reasons, these airlines are not converting higher consumer demand into profit....
InvestorPlace - 5/2/2024 7:00:00 AM
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