The trajectory of the Airline industry is pretty much like that of an aircraft. If we look at its growth sometimes it takes off high skies and sometimes reached ground level. The survival of the airline industry is between the highs & lows and it is growing by adopting the new emerging trends.
In the past years, the airline industry has faced many challenges and used those challenges as its opportunities to survive. The airline industry is updating its current system and constantly analyzing their operations and marketing strategies. The industry must be prepared to adapt new trends so that they can face obstacles and outperform their competition.
Let’s have a quick look at the top 15 leading companies that are following new trends:
American Airlines Group Inc. (NASDAQ: AAL)
American Airlines Group Inc. (NASDAQ: AAL) shares were trading up 1.87% at $13.61 at the time of writing on Friday. American Airlines Group Inc. (NASDAQ: AAL) share price went from a low point around $8.25 to briefly over $31.67 in the past 52 weeks, though shares have since pulled back to $13.61. AAL market cap has remained high, hitting $6.79B at the time of writing, giving it a price-to-sales ratio of more than 0.
American Airlines Group Inc. (AAL) has earlier announced that President Robert Isom will participate in the 2020 Cowen Global Transportation & Sustainable Mobility Conference on Sept. 9. If we look at the recent analyst rating AAL, Berenberg downgraded coverage on AAL shares with a Sell rating and an $11.31 price target, which implies room for -2.3% downside momentum this year.
United Airlines Holdings Inc. (NASDAQ: UAL)
United Airlines Holdings Inc. (NASDAQ: UAL) last closed at $38.21, in a 52-week range of $17.80 to $95.16. Analysts have a consensus price target of $41.53. United Airlines Holdings Inc. (UAL) has revealed that it is planning to restart service on nearly 50 domestic and 23 international routes. It has announced that it anticipates flying in 34% of the full schedule flown at the same time a year ago. UAL also decided to operate 40% of its schedule in October. The airline is expecting to saw an increase in growth because of the improvement in leisure travel. It has earlier named Mike Hanna as its new senior vice president of Airport Operations.
Delta Air Lines Inc. (NYSE: DAL)
Delta Air Lines Inc. (NYSE: DAL) stock soar by 1.76% to $31.77. The most recent rating by Berenberg, on September 02, 2020, is at a Hold. Delta Air Lines Inc. (DAL) has previously disclosed that it is permanently dropping domestic change fees following an announcement by rival United Airlines. Atlanta-based Delta said the removal of change fees will be implemented immediately and includes tickets purchased for travel within the United States, Puerto Rico, and U.S. Virgin Islands.
Southwest Airlines Co. (NYSE: LUV)
Southwest Airlines Co. (NYSE: LUV) Shares headed rising, higher as much as 1.68%. The most recent rating by Berenberg, on September 02, 2020, is at a Buy. Southwest Airlines Co. (LUV) revealed earlier that it has decided to add two new destinations as the US customers are gradually resuming leisure travel. The company will provide services to both Miami International Airport and Palms Springs International Airport. The decision was taken to increase the revenue amid the critical time.
Spirit Airlines Inc. (NYSE: SAVE)
Spirit Airlines Inc. (NYSE: SAVE) rose 0.85% after gaining more than $0.15 on Friday. Spirit Airlines Inc. (SAVE) has previously announced that it has launched biometric check-ins in its ticket lobby at Chicago’s O’Hare airport to make the check-in process effective and reduce face-to-face interactions between its employees and passengers during the pandemic. It has also revealed that it is planning to add to Las Vegas and Oakland from John Wayne Airport (SNA), in Orange County, CA.
Alaska Air Group Inc. (NYSE: ALK)
Alaska Air Group Inc. (NYSE: ALK) stock soar by 1.06% to $40.82. The most recent rating by BofA/Merrill, on June 08, 2020, is at a Buy. Alaska Air Group Inc. (ALK) has also joined its rival to eliminate the ticket change fees. Previously, it has charged $125 for changes to domestic and international tickets. The changes will be applied to all tickets except Saver fares. The subsidiary of ALK Alaska Airlines announced plans of adding new seasonal routes to Jackson Hole, Wyo to take advantage of the improvement in leisure air travel demand.
Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL)
Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) rose 3.98% after gaining more than $0.29 on Friday. GOL discloses preliminary traffic figures for August 2020. Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) has disclosed its preliminary air traffic figures for the month of August 2020. In August, GOL has operated 190 flights per day. It has reopened four bases including Campina Grande, Caxias do Sul, Marabá, and Montes Claros. GOL has also added 51 daily frequencies in its main hubs at the Guarulhos, (São Paulo) and Galeão (Rio de Janeiro) airports
Hawaiian Holdings Inc. (NASDAQ: HA)
Hawaiian Holdings Inc. (HA) last closed at $13.84, in a 52-week range of $7.55 to $31.34. Analysts have a consensus price target of $13.38. The wholly-owned subsidiary of Hawaiian Holdings Inc. (HA) has implemented the new move. It has announced the removal of change fees on its flight from Sep 3 onward. The decision is taken to attract more customers amid critical times.
Controladora Vuela Compania de Aviacion S.A.B. de C.V. (NYSE: VLRS)
Controladora Vuela Compania de Aviacion S.A.B. de C.V. (NYSE: VLRS) last closed at $8.26, in a 52-week range of $2.94 to $13.45. Analysts have a consensus price target of $7.65. Controladora Vuela Compania de Aviacion S.A.B. de C.V. (VLRS) has earlier reported the preliminary traffic results of August 2020. Its capacity measured by ASMs (Available Seat Miles) was 78.6%. Demand measured by RPMs (Revenue Passenger Miles) was 68.4% of last year’s. It has transported the 1.2 million passengers during the month of August 2020. The Booked load factor for August 2020 was 72.6%.
JetBlue Airways Corporation (NASDAQ: JBLU)
JetBlue Airways Corporation (NASDAQ: JBLU) last closed at $12.13, in a 52-week range of $6.61 to $21.65. Analysts have a consensus price target of $12.00. JetBlue Airways Corporation (JBLU) has moved up 83.51% from its 52-weeks low and moved down -43.97% from its 52-weeks high. JetBlue Airways Corporation (JBLU) market capitalization has remained high, hitting $3.20 billion at the time of writing.
Azul S.A. (NYSE: AZUL)
Azul S.A. (NYSE: AZUL) Shares headed rising, higher as much as 2.19%. The most recent rating by Raymond James, on September 04, 2020, is at an Outperform. Azul S.A share has fluctuated between the low of $5.30 and a high of $44.55. It has moved up 164.34% from its 52-weeks low and moved down -68.55% from its 52-weeks high.
Ryanair Holdings plc (NASDAQ: RYAAY)
Ryanair Holdings plc (NASDAQ: RYAAY) stock soar by 3.05% to $83.21. The most recent rating by Raymond James, on September 04, 2020, is at an Outperform. Ryanair Holdings plc (RYAAY) is preparing for its first euro bond sale since 2017. It has announced it will talk to its investors about a potential five-year bond of at least 500 million euros ($592 million). Ryanair’s Michael O’Leary’s offered 458,000 euro ($540,600) annual bonus came under fire on Friday, as many investor advisory firms requested shareholders to oppose the package in a non-binding vote later this month.
SkyWest Inc. (NASDAQ: SKYW)
SkyWest Inc. (NASDAQ: SKYW) Shares headed rising, higher as much as 3.05%. The most recent rating by Evercore ISI, on June 05, 2020, is at an In-line. SkyWest Inc. (SKYW) has a 52-weeks low and high range of $10.58 and $66.52, respectively. It has traded up 234.97% from its 52-weeks low and moved down -46.72% from its 52-weeks high. SkyWest Inc has a total market capitalization of $1.73 billion at the time of writing.
Mesa Air Group Inc. (NASDAQ: MESA)
Mesa Air Group Inc. (NASDAQ: MESA) fall -0.84% after losing more than -$0.03 on Friday. Mesa Air Group Inc. (NASDAQ: MESA) stock has fluctuated between the low of $2.05 and a high of $9.65. It has experienced a rise of 72.20% from its 52-weeks low and an increase of -63.42%. MESA market capitalization has remained high, hitting $126.09 million at the time of writing.
Copa Holdings S.A. (CPA)
Copa Holdings S.A. (CPA) stock soar by 1.86% to $54.15. The most recent rating by Raymond James, on June 22, 2020, is at an Outperform. Copa Holdings S.A. (CPA) has a 52-weeks low range of $24.00 and a high range of $116.8. It has moved up 125.63% from its 52-weeks low and moved down -53.67% from its 52-weeks high. Copa Holdings has a total market capitalization of $2.25 billion at the time of writing.
