Airlines have become perpetual motion machines. The global economy is weak, fuel prices are rising, yet there is an apparently relentless demand for flying around the world.
It’s an air travel boom.
Here’s how to invest to profit from it…
People all over the globe have flocked back to air travel as restrictions have ended over the past year (most recently in China). And there are few signs, if any, that worries about the economy will hold back demand in the coming months.
The world’s biggest airlines reported $6.3 billion in net profit in 2022. That’s quite a change in fortunes from the air pocket airlines hit over the prior two years, which resulted in a combined $40 billion in losses over that time period, according to data from FactSet and Capital IQ.
The figures cover eight of the 10 world’s largest airlines by passenger numbers (excluding Chinese airlines, which were still subject to travel restrictions in 2022).
This trend is…
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