In this piece, I have evaluated two airline stocks, American Airlines Group Inc. (AAL) and JetBlue Airways Corporation (JBLU), to determine which is a better investment. While investors could consider waiting for a better entry point in AAL, JBLU is better avoided.
The International Air Transport Association (IATA) announced that global air travel demand continued its recovery in 2023, and total traffic edged closer to matching the pre-pandemic demand levels. Total traffic (measured in revenue passenger kilometers) in 2023 increased 36.9% compared to 2022. Globally, 2023 traffic was at 94.1% of the pre-pandemic levels.
