5 Best Airline Stocks to Buy for 2021

3. United Airlines Holdings Inc (NASDAQ: UAL)

United ranks 3rd on the list of the best airline stocks to buy for 2021 based on long-term factors. In the short term, however, the company is having a bad time. The stock has lost over 50% in value so far this year. The company expects its revenue to drop by a whopping 70% in the fourth quarter, while average daily cash burn rate is expected to come in the range of $24 million -$26 million, excluding $10 million of average debt principal and severance payments per day in the quarter.

United said on Dec. 4 that it adopted a tax benefits preservation plan to preserve and protect its ability to use large net operating loss carry-forwards and other tax assets.

Out of the 816 hedge funds tracked by Insider Monkey, 40 held positions in United as of the end of the third quarter, up from 38 in the quarter earlier. Brad Gerstner’s Altimeter Capital Management is one of these hedge funds, with 4,803,279 shares of the company, worth $166.91 million.