Top 10 U.S. passenger airline stocks per SA quant metrics
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The airline and aviation sector of the economy is on the map on Monday with shares of ultra-low-cost carrier Spirit Airlines (SAVE) crumbling after the carrier declared bankruptcy on Sunday and news came out that Boeing (BA) plans to let go of roughly 2,200 workers in the states of Washington and Oregon.
As a result, Seeking Alpha screened the U.S. passenger airline stocks and sourced the top ten names according to its quant metrics. See the tabulated list below:
Top 10 U.S. Passenger Airline Stocks Per SA Quant Metrics
No. 10: Southwest Airlines (LUV), quant rating of 3.32.
No. 9: JetBlue Airways Corporation (JBLU), quant rating of 3.36.
No. 8: Joby Aviation (JOBY), quant rating of 3.62.
No. 7: Sun Country Airlines (SNCY), quant rating of 4.55.
No. 6: Delta Air Lines (DAL), quant rating of 4.62.
No. 5: Alaska Air Group (ALK), quant rating of 4.67.
No. 4: American Airlines Group (AAL), quant rating of 4.71.
No. 3: Frontier Group Holdings (ULCC), quant rating of 4.85.
No. 2: SkyWest (SKYW), quant rating of 4.96.
No. 1: United Airlines Holdings (UAL), quant rating of 4.98.
Year-to date price action: LUV +12.8%, JBLU +27.2%, JOBY -13.8%, SNCY -5.3%, DAL +59.2%, ALK +38.1%, AAL +4.7%, ULCC +24.5%, SKYW +113.3%, and UAL +120.9%.
Moreover, for a more diversified approach to the airline industry, investors can always also monitor the U.S. Global Jets ETF (JETS) which is made up of 58 aviation holdings.