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4 Airline Stocks to Ride on Bullish Q4 Unit Revenue Views

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Stocks in the airline space are flying high lately on the back of improved unit revenue projections provided by the key sector players like JetBlue Airways JBLU , American Airlines Group AAL and United Continental Holdings UAL .

The bullish projections bode well for the sector with a deluge of fourth-quarter earnings reports, scheduled to be released in the next few days/weeks. We note that Delta Air Lines had started the fourth-quarter earnings season on a favorable note. The carrier reported better-than-expected earnings per share and revenues . This Zacks Rank #3 (Hold) company also performed well on the unit revenue front. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Impressive Price Performance

Post hurricanes, the airline stocks are back in favor. This is highlighted by the fact that the Zacks Airline Industry has outperformed the S&P 500 Index in the last three months. While the S&P 500 index gained 9.1%, the industry rallied 10.7%.

is a low-cost and low-fare carrier, headquartered in Sao Paulo, Brazil. The company has a market capitalization of $1.4 billion and flaunts a Zacks Rank #1.

Gol Linhas Aereas Inteligentes S.A.GOL

In the last 90 days, the company has seen the Zacks Consensus Estimate earnings in the fourth quarter of 2017 being revised 66.7% upward. An increased demand for air travel on the back of an improving Brazilian economy should drive the company's growth. Shares of GOL Linhas have skyrocketed more than 100% in a year.

is the holding company for two scheduled passenger airline operations and an aircraft leasing company. The stock carries a Zack Rank #2 (Buy) and has a market capitalization of $2.7 billion.

SkyWestSKYW

In the last 90 days, the company has seen the Zacks Consensus Estimate earnings in the fourth quarter of 2017 being revised 4.4% upward. Shares of SkyWest have increased 48% in a year.

LATAM Airlines Group S.A . LTM is a provider of passenger and cargo air transportation services in South America, North/Central America, Europe, Africa, Asia, and Oceania. This Zacks Rank #2 carrier is based in Santiago, Chile. Shares of the company have increased more than 74% in a year.

In the last 90 days, the company has seen the Zacks Consensus Estimate earnings in the fourth quarter of 2017 being revised 4.8% upward.

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JetBlue Airways Corporation (JBLU): Free Stock Analysis Report

Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report

United Continental Holdings, Inc. (UAL): Free Stock Analysis Report

SkyWest, Inc. (SKYW): Free Stock Analysis Report

Deutsche Lufthansa AG (DLAKY): Free Stock Analysis Report

American Airlines Group, Inc. (AAL): Free Stock Analysis Report

LATAM Airlines Group S.A. (LTM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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