In this article, I have evaluated airline stocks Virgin Galactic Holdings, Inc. (SPCE) and Hongkong-based Cathay Pacific Airways Limited (CPCAY) to predict the potential buy for this year. After thoroughly evaluating these stocks, I think that CPCAY might be a superior choice for the reasons discussed in this article.
The worldwide airline sector is expected to grow in the next few years, owing to rising disposable income, rapidly growing middle class, and increased travel demand. Furthermore, the price of jet fuel is expected to stay relatively stable over the coming years, allowing airlines to levy surcharges and earn additional revenue from passenger and freight transport.
