Airline stocks expected to exceed earnings estimates in Q3 due to strong demand and low costs.

From Nasdaq: 2024-10-24 07:57:00

Delta Air Lines reported lower-than-expected earnings per share but higher revenues in the third quarter of 2024. United Airlines also beat estimates for revenue and profit in the same quarter, with strong air travel demand driving results. Copa Holdings, JetBlue Airways, and Frontier Group Holdings are expected to also outperform due to strong demand and low fuel costs.

As air travel demand remains strong, airlines have seen impressive results in the third quarter. Lower fuel expenses, driven by a 14% drop in oil prices, have further boosted profits. The decline in oil prices is attributed to weakening global demand, particularly in China.

Investors looking for airline stocks with potential for outperformance should consider Copa Holdings, JetBlue Airways, and Frontier Group Holdings. These companies are expected to benefit from strong air travel demand and low fuel costs, contributing to positive earnings surprises. Copa Holdings is set to report on Nov. 20, while JetBlue Airways and Frontier Group Holdings will release results on Oct. 29.



Read more at Nasdaq:: 3 Airline Stocks Poised to Outshine Earnings Estimates in Q3