Despite macroeconomic challenges, the airline industry is expected to remain robust this year as air travel rebounds. So, quality airline stocks Delta Air Lines, Inc. (DAL), United Airlines Holdings, Inc. (UAL), and American Airlines Group Inc. (AAL) could be wise additions to your portfolio.
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. Also, the group expects around 4.35 billion people to fly commercial in 2023, or about 96% of 2019 levels.
