6 Best Airline Stocks To Buy According to Hedge Funds

1. Southwest Airlines Co. (NYSE:LUV)

Number of Hedge Fund Holders: 51

Southwest Airlines Co. (NYSE:LUV) ranks 1st in our list of the best airline stocks to buy according to hedge funds.

Recently, Southwest Airlines Co. (NYSE:LUV) shared its guidance data for the first quarter of 2023 and the full year. Southwest Airlines Co. (NYSE:LUV) expects its operating revenue in the first quarter to increase by 21% to 23%. This was less than the previous growth guidance of 20% to 24%.

For the full-year 2023, Southwest Airlines Co. (NYSE:LUV) expects its capital spending to be about $4 billion, down from the earlier estimate of $ billion to $4.5 billion.

At the end of the last quarter of 2022, 51 hedge funds tracked by Insider Monkey had stakes in Southwest Airlines Co. (NYSE:LUV). The total worth of these hedge funds’ stakes was $998 million. The biggest stakeholder of Southwest Airlines Co. (NYSE:LUV) was Paul Reeder and Edward Shapiro’s PAR Capital Management with a $67 million stake in the company.

You can also take a peek at 15 Most Promising Dividend Stocks According to Analysts and 15 Most Promising Long-Term Stocks.