Top 10 Airline Stocks Benefiting From The Air Travel Boom

6. Allegiant Travel Company (NASDAQ:ALGT)

Allegiant Travel isn’t the most sought-after airline stock. However, it had an interesting 2024. By August 2024, the stock was down as much as 50%. It has been on a crazy ride since, nearly tripling in a matter of 5 months. It is this uptrend that has helped the stock make it to our top 10 list.

When the stock was getting hammered last year, the company was reporting revenue and earnings beat. It was reducing its expenses and increasing asset efficiency, eventually resulting in improved profit margins. Even its credit card business, which the company operates in partnership with the Bank of America, showed a 34% YoY growth.

There’s a catch though. The income from the company’s credit card operations formed three-quarters of its total operating income. This shows how its airline business isn’t doing as well as it should and also explains why the stock didn’t perform well in the first half of last year. As travel demand returned, the stock faired better. If this demand continues, there’s no reason why the stock can’t continue its performance in 2025.