5 Best Airline Stocks To Buy Now

2. Southwest Airlines Co. (NYSE:LUV)

Number of Hedge Fund Holders: 45

Southwest Airlines Co. (NYSE:LUV) is a Dallas, Texas-based airline company. The company is considered the biggest low-cost airliner in the world.

In early August, Southwest Airlines Co. (NYSE:LUV) lifted the expiration date from its flight credits. The company’s management anticipates the recovery in business travel to offset the decline in summer leisure travel during the fall season. Southwest Airlines Co. (NYSE:LUV) considers September and October as the top months for business-related traveling.

Helane Becker at Cowen gave Southwest Airlines Co. (NYSE:LUV) stock a target price of $55 with an Outperform rating on July 29. The analyst highlighted a buying opportunity following the recent stock sell-off. In Q2 2022, Southwest Airlines Co. (NYSE:LUV) posted record revenue that surpassed analysts’ forecast. Observers think that the company has a strong balance sheet.

Out of the 912 hedge funds in Insider Monkey’s database, 45 funds held a stake in Southwest Airlines Co. (NYSE:LUV) as of Q1 2022.