There used to be an old Wall Street adage that talked about how buying an airline stock was akin to setting your money on fire. The last year has proven that saying to be true. After the coronavirus hit and the resulting travel bans took hold, the sector was obliterated. Ticket sales effectively went to zero, profits shrunk, carriers cut their dividends and the industry needed a multi-billion bailout to stay afloat. Owning stock in the major carriers was literally like setting your money on fire.
But that was then and this is now.
Things are looking bright for the major airlines stocks. Thanks to new vaccines, a re-opening of the economy and booming leisure travel, the airline stocks have rebounded in a major way. The question now is will the sector return to its dividend-producing ways and reward shareholders with plenty of income opportunities.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
