The impact of COID-19 on various industries is severe but the airline industry has experienced a major hit because of this pandemic. The airline industry is now using the discounting ticket price strategy to boost demands. This industry is much challenged and in previous years airlines have been able to utilize those challenges and to convert them into profitable opportunities.
The airline industry is exploring new ways to increase its market shares. The industry is currently adapting the new emerging technologies, continuously evaluating their marketing and operational strategies, and adapting the new market trends to compete in the market and to gain a competitive edge in the fast-growing market where innovation and uniqueness is the only option for survival. If we look at the broader way not only airlines are competing against each other, but the different airports are also competing.
Here are the 12 top leading airlines companies which are adopting new trends so that they can better encounter obstacles and beat their competitors:
American Airlines Group Inc. (NASDAQ: AAL)
American Airlines Group Inc. (NASDAQ: AAL) shares were trading down -4.00% at $12.25 at the time of writing on Tuesday. 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 $12.25. AAL market cap has remained high, hitting $5.97B at the time of writing, giving it a price-to-sales ratio of more than 0.
American Airlines Group Inc. revealed on Friday that it has received a $5.5 billion government loan and could acquire $2 billion more in October depending on how the U.S. Treasury allocates extra funds under a $25 billion loan package for airlines. 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 -0.94% downside momentum this year.
United Airlines Holdings Inc. (NASDAQ: UAL)
United Airlines Holdings Inc. (NASDAQ: UAL) last closed at $34.51, in a 52-week range of $17.80 to $95.16. Analysts have a consensus price target of $40.75. United Airlines Holdings Inc. (UAL) revealed earlier that its pilots voted on Monday to accept a deal that would stop 2,850 furloughs set for Thursday, while thousands of other U.S. airline employees are hoping Congress will expand federal aid to save their jobs. UAL is the first airline that introduced a COVID-19 pilot testing program for travelers. This step is important for the airline to gain a competitive edge.
Delta Air Lines Inc. (NYSE: DAL)
Delta Air Lines Inc. (NYSE: DAL) stock drop by -2.33% to $30.61. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Buy. Delta Air Lines Inc. (DAL) has earlier took a major step after the airline has disclosed that it has postponed a decision on whether to furlough pilots until at least Nov. 1, allowing time for the industry and its workers to lobby for additional government assistance.
JetBlue Airways Corporation (NASDAQ: JBLU)
JetBlue Airways Corporation (NASDAQ: JBLU) Shares headed falling, lower as much as -4.44%. The most recent rating by Morgan Stanley, on September 08, 2020, is at an Overweight. JetBlue Airways Corporation (JBLU) has previously revealed that it will deliver some extra cheer to customers by starting the holiday season early in September. JetBlue has also signed a partnership contract with Vault Health to make COVID-19 testing widely available to customers with pending travel plans.
Spirit Airlines Inc. (NYSE: SAVE)
Spirit Airlines Inc. (NYSE: SAVE) fall -3.09% after losing more than -$0.51 on Tuesday. Previously, Spirit Airlines Inc. (SAVE) announced the closing of a private offering of $850 million in principal amount of 8.00% senior secured notes due 2025 offered by two newly formed Spirit subsidiaries. This airline has a market capitalization of $1.38 billion at the time of writing.
Southwest Airlines Co. (NYSE: LUV)
Southwest Airlines Co. (NYSE: LUV) last closed at $37.61, in a 52-week range of $22.47 to $58.83. Analysts have a consensus price target of $43.80. Southwest Airlines Co. (LUV) has disclosed specific goals for increasing diversity in Leadership and continuing its commitment to inclusion. Southwest Airlines has moved up 67.42% from its 52-weeks low and moved down -36.07% from its 52-weeks high.
Azul S.A. (NYSE: AZUL)
Azul S.A. (NYSE: AZUL) stock drop by -7.90% to $12.70. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Azul S.A. (AZUL) revealed on late Sunday in a security filing that one of its Embraer E195 has been certified to fly as an adapted dedicated cargo aircraft, as the company diversifies its business amid the coronavirus crisis.
Alaska Air Group Inc. (NYSE: ALK)
Alaska Air Group Inc. (NYSE: ALK) fall -2.32% after losing more than -$0.87 on Tuesday. The nonprofit Alaska Airlines Foundation has awarded $430,000 in LIFT grants to 41 nonprofits in Alaska, California, Hawaii, Oregon, and Washington. The Foundation has donated $750,000 this year to organizations in communities served by Alaska Airlines with the proceeds from grants.
Hawaiian Holdings Inc. (NASDAQ: HA)
Hawaiian Holdings Inc. (NASDAQ: HA) stock drop by -3.89% to $12.86. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Hawaiian Holdings Inc. (HA) is preparing to offer Guests Drive-through pre-travel COVID-19 tests. Hawaiian’s partnership with Worksite Labs will give guests exclusive access to drive-through PCR testing from dedicated, conveniently located labs.
Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL)
Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) shares headed falling, lower as much as -6.09%. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Gol Linhas Aereas Inteligentes S.A. (GOL) share price went from a low point around $1.85 to briefly over $19.36 in the past 52 weeks, though shares have since pulled back to $5.86. GOL market cap has remained high, hitting $810.38 Million at the time of writing.
Copa Holdings S.A. (NYSE: CPA)
Copa Holdings S.A. (NYSE: CPA) last closed at $50.40, in a 52-week range of $24.00 to $116.88. Analysts have a consensus price target of $69.21. Copa Holdings S.A. (CPA) has moved up 110.00% from its 52-weeks low and moved down -56.88% from its 52-weeks high. This company market capitalization has remained high, hitting $2.08 billion at the time of writing.
Ryanair Holdings plc (NASDAQ: RYAAY)
Ryanair Holdings plc (NASDAQ: RYAAY) Shares headed falling, lower as much as -1.09%. The most recent rating by Raymond James, on September 04, 2020, is at an Outperform. Ryanair Holdings plc (RYAAY) market capitalization has remained high, hitting $14.69 billion at the time of writing.
