Americas

Analysts bullish on airline stocks

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Analysts bullish on airline stocks

Although he has not recommended an airline stock since 1984, TheStreet's Jim Cramer has stated that American Airlines Group has potential to rise even higher and has advised a buy rating on AAL stock if it comes down. Cramer also likes Delta Air Lines, which is trading around its all-time record high at the moment, and Spirit Airlines stock. The latter has been a top pick for Airline Economics for some time now but other analysts are also following suit due to the top performance of Spirit Airlines stock. Shares in the low-cost carrier continue to soar thanks to its strong growth in revenue passenger miles and improving load factors.