Forget Airline Stocks: This Aircraft Leasing Stock Is a Better Buy Right Now
It's been seven months since the COVID-19 pandemic brought the U.S. economy to a halt, and the airline industry shows no signs of a recovery. Delta Air Lines (NYSE: DAL) just lost nearly $7 billion in a single quarter, and management said they do not expect the air travel and revenue pictures to normalize until 2022 at the earliest.
Air travel is almost certain to recover eventually, and the airlines have a lot of cash in the bank and a decent chance of riding out the crisis. But even if an investor is willing to take the risk of carriers tumbling into bankruptcy, the stocks seem unlikely to bounce back quickly.
For those interested in investing based on the premise of an eventual airline recovery, who would rather not attempt to pick winners and losers among the airlines, AerCap Holdings (NYSE: AER) stock is well worth considering.
Source Fool.com
