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Avoid These 5 Downgraded Airline Stocks By StockNews

by Mike Robinson

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© Reuters. Do Not Buy These Five Downgraded Stocks of Airline Companies

While the easing of travel restrictions with continued progress on the vaccination front is helping the airline industry generate increased passenger traffic, rising fuel prices have fostered concerns about airlines’ profitability. Analysts have downgraded Delta Air Lines, American Airlines (NASDAQ) and JetBlue Airways(NASDAQ:) in light of these worries. Allegiant Travel (ALGT), Hawaiian Holdings (NASDAQ:). These stocks should be avoided. Let’s discuss these names.Despite witnessing a limited recovery in the first half of the year, the resurgence of COVID-19 cases, followed by stricter travel restrictions, have stymied new bookings and increased cancellations of existing bookings. The industry has seen an increase in passenger traffic due to relaxations in travel restrictions. However, many analysts believe that the airlines will experience increased fuel costs and higher fares in the fourth quarter.

While major airlines operators are expected to remain afloat due to the switch to sustainable fuels, others could be in trouble.

Delta Air Lines, Inc., a fundamentally poor airline stock, is now DAL American Airlines Group Analysts have recently downgraded Inc. (AAL), JetBlue Airways Corporation(JBLU), Allegiant Travel Company (“NASDAQ:”), Hawaiian Holdings, Inc.

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