7 Best Transportation Stocks To Invest In Now

5. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 56

United Airlines Holdings, Inc. (NASDAQ:UAL) is an Illinois-based airline. It is one of the world’s largest airlines with an extensive domestic and international flight network. It serves nearly 213 destinations in the US and over 130 internationally.

The airline has also made significant investments in improving passenger experiences and offers various cabin classes, including its Polaris business class and Premium Plus service, alongside an evolving fleet that focuses on modern amenities. With a strong infrastructure, extensive network, and commitment to innovation, it remains one of the key competitors in the global airline industry.

During the second quarter, United Airlines (NASDAQ:UAL) reported a non-GAAP EPS of $4.14, which surpassed estimates by $0.21. Revenue reached $14.99 billion, which marked a 5.7% increase year-over-year and beat expectations by $20 million. The company’s capacity also rose by 8.3% compared to the previous year, a sign of its ability to scale operations effectively in response to growing customer demand.

In the second quarter, the company reported a historic milestone by transporting 44.4 million passengers, the highest for this timeframe in the company’s history. Additionally, it set a daily record by serving 565,000 travelers in one day. On top of that, international capacity was 35% greater than that of its nearest U.S. rival, which shows its dominant market presence.

United Airlines’ (NASDAQ:UAL) stock was held by 56 hedge funds in Q2 with total positions worth $1.468 billion, bringing the company to the 5th spot on our list of the best transportation stocks to invest in. PAR Capital Management was the company’s top shareholder with 4.559 million shares worth $221.843 million.