The airline sector is anticipated to expand, fueled by pent-up demand for travel. Therefore, investors could benefit from airline stocks American Airlines Group Inc. (AAL), Gol Linhas Aéreas Inteligentes S.A. (GOL), and Controladora Vuela Compañía de Aviación, S.A.B. de C.V (VLRS) considering their upside potential.
According to the International Air Transport Association (IATA), the airline industry is expected to make a net profit of $9.8 billion in 2023, more than double the previous forecast of $4.7 billion. The industry’s total revenues are expected to grow 9.7% year-over-year to $803 billion, marking the first time it will top the $800 billion mark since 2019.
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