5 Best Airline Stocks To Invest In Right Now

3. SkyWest, Inc. (NASDAQ: SKYW)

Number of Hedge Fund Holders: 33     

SkyWest, Inc. (NASDAQ: SKYW) is ranked third on our list of 12 best airline stocks to invest in right now. The company provides airline services and is based in Utah. On July 29, the company posted earnings for the second quarter, reporting earnings per share of $1.22, beating market predictions by $1. The revenue over the period was more than $656 million, up 87% compared to the revenue over the same period last year and beating market predictions by more than $57 million.

In April, investment advisory Raymond James reiterated a Strong Buy rating on SkyWest, Inc. (NASDAQ: SKYW) stock and raised the price target to $66 from $56, underlining that the firm would use balance sheet strength in the near term to drive growth. 

At the end of the first quarter of 2021, 33 hedge funds in the database of Insider Monkey held stakes worth $765 million in SkyWest, Inc. (NASDAQ: SKYW), down from 41 the preceding quarter worth $763 million.