Published on 22 Sep 2024 on Insider Monkey · via Yahoo Finance
Is Allegiant Travel Company (ALGT) Among the Worst Airline Stocks to Buy?
We recently compiled a list of the 10 Worst Airline Stocks To Buy According to Short Sellers. In this article, we are going to take a look at where Allegiant Travel Company (NASDAQ:ALGT) stands against the other airline stocks.
The airline industry is one of the most crucial industries to the global markets and supply chains. It did suffer quite significantly over the last 4 to 5 years mainly due to the pandemic. However, in 2024, the airline industry is projected to achieve operating profits of more than $49 billion, which is supported by strong demand and pricing power, according to a PwC report from January.