Transportation
4 Outstanding Stocks to Buy Now as Delta Variant Cases Begin to Wane
September 8, 2021 10:53 am
Last Updated: December 7, 2021 7:18 am
Delta Air Lines sells its tickets through various distribution channels, including its website and the Fly Delta app, online travel agencies, traditional brick-and-mortar agencies and other agencies. It also provides aircraft maintenance, repair and overhaul services, as well as vacation packages to third-party consumers, aircraft charters and management programs.
Raymond James has a Strong Buy and a $58 price target. The consensus target for Delta Air Lines stock is $55.68, and shares traded at $40.55 Wednesday morning.
This stock has been obliterated in the past six months, but the carrier holds a very commanding position on the east coast of the United States. JetBlue Airways Corp. (NASDAQ: JBLU) provides air transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, one Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft and 60 Embraer E190 aircraft.
The company serves 98 destinations in 30 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and 23 countries in the Caribbean and Latin America. JetBlue has a strategic partnership with American Airlines to create connectivity for travelers in the Northeast.
The BofA Securities price target is $22, and the consensus target is $20.13. JetBlue Airways stock traded at $15.00 on Wednesday.
This company continues to expand routes and remains a low-cost leader, and is also one of the top airline picks across Wall Street. Southwest Airlines Inc. (NYSE: LUV) operated a total fleet of 718 Boeing 737 aircrafts, as of December 31, 2020, and served 107 destinations in 40 states, the District of Columbia and Puerto Rico, as well as 10 nearby international countries, including Mexico, Jamaica, the Dominican Republic, Costa Rica and Cuba.
Southwest Airlines services also cover destinations in Hilo on Hawaii; Cozumel, Mexico; Steamboat Springs, Colorado; Miami, Florida; Palm Springs, California; and Montrose (Telluride and Crested Butte), Colorado. In addition, the company provides inflight entertainment and connectivity services on Wi-Fi-enabled aircrafts, and its Rapid Rewards loyalty program enables program members to earn points for dollars spent on Southwest base fares.
Morgan Stanley recently reiterated its Overweight rating but lowered the price target to $80 from $85. That compares with a $66.40 consensus target on Southwest Airlines stock, which traded at $49.10 early Wednesday.
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