The airline industry remains resilient despite rising fuel prices thanks to robust travel demand. Moreover, the integration of advanced technologies positions the industry well for steady growth. Therefore, investors could consider buying shares of Corporación América Airports S.A. (CAAP), Deutsche Lufthansa AG (DLAKY) and Air Canada (ACDVF), which depict exceptional resilience.
According to Airlines Reporting Corp. (ARC) data, U.S. travel agency air ticket sales climbed 3% year-over-year to $7.6 billion in September 2023. Total passenger trips increased 4% year-over-year to 22.1 million, with a 3% increase in domestic trips and a 6% rise in international trips.
