6 Best Airline Stocks To Buy According to Hedge Funds

3. United Airlines Holdings Inc (NASDAQ:UAL)

Number of Hedge Fund Holders: 35

A total of 35 hedge fund in Insider Monkey’s database had stakes in UAL as of the end of the fourth quarter of 2022. The biggest stakeholder of the company is GLG Partners of Noam Gottesman with a $58 million stake.

Here is what the company management said during its latest earnings call:

The United is the largest carrier to be flattish versus 2019, which provides for an easy setup and positive RASM year-over-year. International demand remains incredibly strong, and we are looking at the potential for record profits and margins across our global network. Asia has traditionally been a margin drag on our global flying, but we’ve worked diligently to rebuild the network and close this gap. And we think 2023 will validate that we accomplish that goal. Asia is also close to being fully opened, allowing United to reestablish the bulk of the specific flying outside of China. It’s worth noting that restrictions on the use of Russian airspace will constrain United from flying both of our China network in 2023. This same restriction will also limit our ability to fly to India.