11 Best Airline Stocks to Buy Now

4. Alaska Air Group, Inc. (NYSE:ALK)

Number of Hedge Fund Holders: 45

Washington-based Alaska Air Group, Inc. (NYSE:ALK) is an airline holding company that offers flight services to passengers through three divisions: Alaska Mainline, Alaska Regional, and Horizon Air.

On March 20, UBS analyst Thomas Wadewitz cut Alaska Air Group, Inc.’s (NYSE:ALK) price target to $75, down from $87. Despite the negative revision, Wadewitz maintains a Buy rating on the airline’s shares. The decision is in reaction to recent industry presentations and remarks that show a pattern of lower first-quarter performance, with persistent consumer weakness causing issues for a number of airlines, including Alaska Air.

Alaska Air Group, Inc. (NYSE:ALK) announced strong financial results for the fourth quarter of 2024. Earnings per share reached $0.97, far above the prediction of $0.43. The company’s revenues also exceeded estimates, reaching $3.53 billion instead of the expected $3.41 billion.