In this article, we will take a look at the 5 best airport stocks to buy. To see more such companies, you can go ahead to 12 Best Airport Stocks To Buy.
5. Blade Air Mobility, Inc. (NASDAQ:BLDE)
Not a pure play airport operator stock, Blade Air Mobility, Inc. (NASDAQ:BLDE) is still directly related to the travel industry as its plays a key role in the tourism ecosystem. Blade Air Mobility, Inc. (NASDAQ:BLDE)’s technology allows passengers to book seats on scheduled flights throughout the Northeast and West Coast of the United States. Blade Air Mobility, Inc. (NASDAQ:BLDE) also offers private jets and helicopters. In the third quarter, Blade Air Mobility, Inc. (NASDAQ:BLDE)’s revenue jumped about 124% to reach $45.7 million, beating analyst estimates by $7.01 million. Blade Air Mobility, Inc. (NASDAQ:BLDE) is also expanding in other key areas of the travel industry. It has acquired three helicopter activities in Europe to create the largest UAM service on the continent.
As of the end of the third quarter of 2022, 10 hedge funds tracked by Insider Monkey reported having stakes in Blade Air Mobility, Inc. (NASDAQ:BLDE), compared to 7 funds in the previous quarter. The total value of these stakes was about $66 million.
4. Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)
Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) is a Mexican airport operator that manages about 13 airports in the central and northern states of Mexico, including that of Monterrey, one of Mexico’s largest cities. Last year Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) started reaping the rewards of a massive recovery in the travel industry, as its Q3 report showed that the company’s adj EBITDA margins improved 1.3% pts YoY to 76.5% on a continued traffic recovery. Analysts expect the company to continue on this wave of recovery for the months to come.
As of the end of the third quarter, 6 hedge funds tracked by Insider Monkey reported having stakes in Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB). The total value of these stakes was about $25 million.
3. Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR)
Another Mexican airport operator on our list, Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) is operating 9 airports in the southeastern states of Mexico, including that of Cancún. Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) is the third biggest airport services company by passenger traffic in Mexico. Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) is currently in the spotlight after it said its passenger traffic in December grew by a whopping 22.9% when compared to December 2019 to reach 6.4 million. Domestic traffic in the month rose 21.3% when compared to December 2019. This shows that travel trends are now better than they were before the coronavirus pandemic.
As of the end of the third quarter, 6 hedge funds tracked by Insider Monkey reported having stakes in Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR), compared to 6 funds in the previous quarter.
2. Grupo Aeroportuario del Pacifico (NYSE:PAC)
Yet another Mexican airport operator in our list, Grupo Aeroportuario del Pacifico (NYSE:PAC) operates 12 airports in the western states of Mexico, and 2 in Jamaica. Grupo Aeroportuario del Pacifico (NYSE:PAC) is behind two of the most popular airports in the country related to famous travel destinations Los Cabos and Puerto Vallarta. Grupo Aeroportuario del Pacifico (NYSE:PAC) is the second largest airport services company by passenger traffic in Mexico. Grupo Aeroportuario del Pacifico (NYSE:PAC) serves about 27 million passengers annually. This Mexican airport operator, like its peers, is posting strong numbers which show that travel demand is now surpassing the pre-pandemic metrics. Earlier this month, Grupo Aeroportuario del Pacifico (NYSE:PAC) said that its passenger traffic in December was 18.6% more than it was in December 2019. Domestic traffic in the month also jumped 26.1% when compared to December 2019.
A total of 4 hedge funds tracked by Insider Monkey reported having stakes in Grupo Aeroportuario del Pacifico (NYSE:PAC) as of the end of the third quarter.
1. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)
Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is a notable airport stock since the company operates flights on ACMI (Aircraft, Crew, Maintenance and Insurance), CMI and air charter basis for airlines, express operators, freight forwarders, charter brokers and shippers. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) owns Atlas Air, Polar Air Cargo, and Titan Aircraft Investments.
Hedge fund sentiment is strong for the stock. As of the end of the third quarter, 37 hedge funds tracked by Insider Monkey reported having stakes in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), compared to 28 hedge funds in the previous quarter. The total value of these stakes was $831 million.
However, the third quarter report of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) disappointed investors, as the company posted non-GAAP EPS of $2.69, missing the estimates by $1.57. Revenue in the quarter jumped 9.8% to total $1.12 billion but missed estimates by $70 million.
FPA made the following comment about Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) in its Q3 2022 investor letter:
“Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is an outsourced air freight carrier that we believe traded on cheap multiples of earnings and book value compared to peers. In August, the company agreed to be bought by a consortium led by Apollo Capital for $102.50 per share, a 57% premium to the recent share price.”
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