Southwest Airlines Co. (LUV): A Good Airline Stock To Buy According To Short Sellers
We recently compiled a list of the 10 Best Airline Stocks To Buy According To Short Sellers. In this article, we are going to take a look at where Southwest Airlines Co. (NYSE:LUV) stands against the other airline stocks. https://community.nicic.gov/node/62968 The COVID-19 pandemic's impact on travel caused an alarming 54.1% drop in the airline industry's revenue from $838 billion in 2019 to $384 billion in 2020, according to the International Air Transport Association (IATA). However, the industry has subsequently risen substantially, with annual revenue estimated to reach $996 billion by 2024, representing 18.8% growth from 2019 and a 159% recovery from the pandemic low. https://community.nicic.gov/node/62968 On the other hand, the Business Research Company projects that the global airline market will grow at a compound annual growth rate of 8.2%, from $523.04 billion in 2023 to $566.06 billion in 2024. Whereas in the upcoming years, a significant expansion in the size of the...