As the world economy continues to recover from past downturns, air travel demand is increasing, boosting the prospects of the overall travel industry. Amid this backdrop, investors could consider adding travel stocks Air Canada (ACDVF), Cathay Pacific Airways Limited (CPCAY), International Consolidated Airlines Group, S.A. (ICAGY), and Deutsche Lufthansa AG (DLAKY) for December gains.
The global airline industry market is projected to grow at a CAGR of 25.5% until 2027. The airline sector is expected to grow in the next few years, owing to rising disposable income, rapidly growing middle class, and increased travel demand.
