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KLM Royal Dutch Airlines is an international airline company. The company's operating segment includes Network; Maintenance; Leisure and Others. It generates maximum revenue from the Network segment. The Network segment includes air transport of passengers and cargo activities. Its activities comprise passenger transport, cargo transport, airframe, engine, and component maintenance, and the operation of charters and low-fare scheduled services.

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The U.S. Transportation Department has fined Lufthansa, KLM, and South African Airways $2.5 million for significant delays in issuing COVID-19-related refunds.

US Department Penalizes 3 Airlines With $2.5M In Fines For Slow COVID-19 Refunds

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United Airlines Holdings, inc. (NASDAQ: UAL) and American Airlines Group Inc. (NASDAQ: AAL) have temporarily suspended flights to Hong Kong after the city imposed invasive COVID-19 testing on all arriving crew members.

U.S. Airlines Cancel Hong Kong Flights Over Crew Testing

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3 Reasons Aircastle Ltd Could Be Perfect For Your Portfolio

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you&rsquo;ve been paying any attention to the performance of U.S. equities, it has been difficult to not hear about the big names in the market. The meteoric rise of Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), for example, still captures headlines today, as the AI craze rages continues. Also, a host of other Big Tech names are performing modestly well. So far, in 2024, despite some volatility, the Nasdaq has been able to rise over 14% year-to-date (YTD). Comparatively, the S&amp;P500 is trailing at about 11% YTD gains.



Investing in U.S. equities doesn&rsquo;t have to be about following the herd. Plenty of investors have indeed made a pretty penny off of some unconventional stock trades. Emerging market economies as well as industries outside of the good graces of the public (e.g., oil and gas) are just some spaces from which a contrarian investor can make a lucrative bet.



Therefore, let&rsquo;s examine three contrarian stocks that forced some investors outside of their comfort zone but allowed them to generate sizable gains.



<h2>Embraer (ERJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/erj-stock-300x169.jpg" alt="The Embraer Logo"><div>Source: testing / Shutterstock.com</div></div>Embraer (NYSE:<a href="https://investorplace.com/stock-quotes/erj-stock-quote/">ERJ</a>) is U.S.-listed aircraft manufacturer that hails from Brazil, one of the world&rsquo;s largest emerging economies. While Embraer has been around since the late sixties, and it initially focused on supplying military aircraft to Brazilian Armed Forces. 



But, the plane maker&rsquo;s Commercial Aviation and Executive Aviation segments are where most of its earnings come from these days. The Commercial Aviation business designs and manufacturers planes (E-Jets) for commercial airlines, including KLM Royal Dutch Airlines (OTCMKTS:<a href="https://investorplace.com/stock-quotes/klmr-stock-quote/">KLMR</a>) and JetBlue (NASDAQ:<a href="https://investorplace.com/stock-quotes/jblu-stock-quote/">JBLU</a>). On the other hand, Embraer&rsquo;s Executive Aviation business manufacturers private jets for high-net-worth individuals and private companies.



Further, the Brazilian plane maker has seen its share&rsquo;s nearly double over the past 12 months. The successful launch of its new E2 planes has certainly revived investor confidence. ERJ had about 198 orders in backlog and 108 already delivered at the end of last year.



Moreover, <a href="https://www.wsj.com/business/airlines/boeing-partner-embraer-aircraft-manufacturing-edf3758a">speculation</a> abounds that Embraer may be developing a new series of aircraft to compete with Boeing&rsquo;s trouble 737-MAX lineup. So, it has thrust the emerging market stock into the spotlight and will probably keep contrarian investors intrigued for some time.



<h2>Petrobras (PBR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/pbr-stock-1-300x169.jpg" alt="the Petroleo Brasileiro logo on a building during daylight"><div>Source: A.PAES / Shutterstock.com</div></div>Petrobras (NYSE:<a href="https://investorplace.com/stock-quotes/pbr-stock-quote/">PBR</a>) was one of the best emerging market trades one could have made in 2023. In fact, Brazil&rsquo;s state-owned oil and gas giant had seen its share price surge 87.9% last year. The presidential win and eventual inauguration of left-wing politician Lula da Silva rattled Brazilian stocks, including Petrobras, in 2022. 



Through the first quarter of 2023, many investors believed Lula would pressure Petrobras to lower its juicy dividend or offer oil and gas products at a suboptimal price to the domestic market. When these fears never materialized into any concrete policy initiatives, PBR began to rally.



And, 2023&rsquo;s weak price gains for oil and gas did not stop Petrobras from turning an immense $25.6 billion profit either. Only recently have profit margins begun to slip in a significant way. The oil and gas company&rsquo;s first quarter earnings report for <a href="https://www.reuters.com/business/energy/brazils-petrobras-reports-38-drop-first-quarter-profit-2024-05-14/">2024 saw profits fall 38%</a> to $4.6 billion due to falling oil prices and narrow margins on diesel sales. Furthermore, the firm approved a $2.6 billion dividend while the market had been expecting something a little higher.



Still, Petrobras proves it can create immense value for shareholders at a relatively cheap price. These days, PBR trades at an insanely cheap 2.6x forward earnings. 



<h2>Frontline (FRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/oilandgasstocks1600-300x169.png" alt="Panorama of Oil and Gas central processing platform in twilight, offshore hard work occupation twenty four working hours. Best oil stocks to buy. Oil &amp; Gas Stocks to Avoid"><div>Source: Oil and Gas Photographer / Shutterstock.com</div></div>Another lucrative be that has worked out for contrarian investors is the crude oil shipping company Frontline (NYSE:<a href="https://investorplace.com/stock-quotes/fro-stock-quote/">FRO</a>). The oil tanker&rsquo;s share price nearly doubled in 2023, rising 97.3%. A number of factors were involved here. 



While shipping rates had entered 2023 on a downward spiral, prices picked up as an historic drought backed up the Panama Canal. That situation forced ships to wait days or weeks to pass through. Moreover, robust oil demand from Asia commanded higher &ldquo;ton-miles&rdquo; (e.g., shipping rate per mile) as more and more crude oil was being <a href="https://www.eia.gov/todayinenergy/detail.php?id=62103#:~:text=Guyana%20increased%20crude%20oil%20production,economic%20growth%20in%20recent%20years.">sourced from Guyana, Brazil and the U.S</a>.



As a result, Frontline experienced robust revenue and EPS growth in 2023. For the oil tanker firm&rsquo;s Q1 report in 2024, revenues increased by 16% to $578.4 million. In their earnings report, management delivered a &ldquo;Tanker Market Update&rdquo; in which they set out their expectations for the crude oil market. Frontline expects Asia to continue to drive oil demand and anticipates that global demand will accelerate in the year&rsquo;s second half.



FRO shares have continued their rally, rising more than 33% YTD.



On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/contrarian-crusaders-3-stocks-championing-the-cause-of-unconventional-gains/">Contrarian Crusaders: 3 Stocks Championing the Cause of Unconventional Gains</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Contrarian Crusaders: 3 Stocks Championing the Cause of Unconventional Gains

Boeing 777 flown by KLM returns to Amsterdam after technical problem

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On Monday, the U.S. Transportation Department <a target="_blank" href="https://www.transportation.gov/briefing-room/dot-secures-nearly-1-billion-refunds-airline-passengers-through-new-enforcement" rel="noreferrer noopener">announced</a> that it is assessing $2.5 million in civil penalties against three airlines for significant delays in issuing refunds owed to passengers due to COVID-19-related flight disruptions.



The affected airlines are Lufthansa (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKY#OTC">DLAKY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKF#OTC">DLAKF</a>), KLM Royal Dutch Airways (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KLMR#OTC">KLMR</a>), and South African Airways.



The U.S. Department stated that these penalties stem from delays in providing over $900 million in refunds to passengers whose flights were disrupted by the pandemic.



Passengers had to wait months for their refunds. Lufthansa and KLM each faced penalties of $1.1 million.



The DOT reported it had facilitated the return of nearly $4 billion in refunds and reimbursements to airline passengers, including over $600 million for those affected by the Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) holiday meltdown in 2022.



Reuters noted that in 2022, Transportation Secretary Pete Buttigieg revealed that the U.S. government had completed investigations into ten airlines regarding delayed pandemic passenger refunds, with another 10 investigations still pending.



The refund processing delays for Lufthansa passengers on U.S. flights extended beyond 100 days in 2020.



Lufthansa attributed the delays to an unprecedented volume of refund requests during the pandemic, describing the situation as handling &#8220;equivalent to the workload of two-and-a-half months every day.&#8221;



The German airline stated that between March 2020 and September 2022, it issued $5.3 billion in refunds, including $802 million to U.S. customers.



KLM explained that staffing and technical issues, compounded by the sheer number of refund requests, resulted in many customers waiting for months.



Despite this, KLM has implemented what it claims to be one of the most customer-friendly refund policies in the industry, refunding $84.15 million to U.S. customers who were not initially entitled to refunds.



South African Airways faced over 400 complaints for failing to make timely refunds. The state-owned airline, already struggling financially and on the verge of liquidation before entering bankruptcy protection in 2019, saw its situation worsen with the pandemic&#8217;s impact on air travel.

United Airlines Holdings, inc. (NASDAQ:<a class="ticker" href="/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group Inc. (NASDAQ:<a class="ticker" href="/stock/AAL#NASDAQ">AAL</a>) have temporarily suspended flights to Hong Kong after the city imposed invasive COVID-19 testing on all arriving crew members.

The first round of mandatory aircrew tests found four cases of infection, including three pilots working for Hong Kong Air Cargo, a unit of Hong Kong Airlines, who had just returned from Almaty in Kazakhstan, <a href="https://www.scmp.com/news/hong-kong/transport/article/3092420/coronavirus-united-airlines-stops-resumed-hong-kong" rel="noreferrer noopener" target="_blank">according to the South China Morning Post</a>.&nbsp;

Hong Kong health authorities tightened testing rules earlier this week after a 54-year-old cargo pilot tested positive for the coronavirus on July 4 following trips to Kazakhstan and Turkey.&nbsp;

In response, United Airlines has canceled flights to-and-from Hong Kong through July 10 while it reassesses the situation. American Airlines pushed back resumption of flights, originally scheduled for July 9, until August 5, the <a href="https://www.wsj.com/articles/american-united-cancel-hong-kong-flights-over-mandatory-crew-testing-11594296554?mod=djemlogistics_h">Wall Street Jou</a><a href="https://www.wsj.com/articles/american-united-cancel-hong-kong-flights-over-mandatory-crew-testing-11594296554?mod=djemlogistics_h" rel="noreferrer noopener" target="_blank">r</a><a href="https://www.wsj.com/articles/american-united-cancel-hong-kong-flights-over-mandatory-crew-testing-11594296554?mod=djemlogistics_h">nal </a>reported.&nbsp;

Last week United began operating five weekly flights between San Francisco and Hong Kong. On Monday said it would begin weekly flights from Chicago to the semi-autonomous city in September.

KLM Royal Dutch Airlines (OTC:<a class="ticker" href="/stock/KLMR#OTC">KLMR</a>) also canceled an Amsterdam-Hong Kong flight on Wednesday to ensure it&#39;s crew didn&#39;t have to stay overnight and get tested, the South China Morning Post reported.

The deep-throat saliva tests are intended to help contain a new local outbreak of the disease, but underscore challenges airlines face in trying to restart and sustain flight operations after global lockdowns that slowed air travel to a trickle. Airline industry groups have called on governments to take a consistent approach to travel restrictions and health screening that follows international recommendations.

<h3>Quarantine quandary</h3>

Airlines are concerned crews could be quarantined for 14 days if one person tests positive, which could affect flight operations. Pilot and flight attendant unions object to the tests and many members refuse to fly under those conditions.

Airline crews were exempted from tests and quarantine requirements in Hong Kong until the case numbers started increasing. In many countries, including the U.S., pilots and crew are exempted from testing, quarantine or self-isolation rules that passengers are required to follow.

European and North American airlines have jointly proposed testing aircrews before they depart for Hong Kong, the South China Morning Post reported.

Any stoppage in passenger flights is a blow to businesses that rely on the widebody body aircraft used on international routes for fast transport of their products. Hong Kong International Airport is the largest airport in the world in terms of cargo volume.

Aggressive testing and quarantine requirements for crews disembarking in China previously led airlines conducting cargo operations, including Delta Air Lines, inc. (NYSE:<a class="ticker" href="/stock/DAL#NYSE">DAL</a>) and United Parcel Service, Inc. (NYSE:<a class="ticker" href="/stock/UPS#NYSE">UPS</a>), to use Seoul, South Korea, or Tokyo as beachheads for connecting to cities there. In some countries, pilots that have to stay onboard aren&#39;t even allowed on the tarmac to conduct pre-flight safety checks, according to international aviation officials.&nbsp;

The <a href="https://www.freightwaves.com/news/icao-calls-for-sanitary-sky-corridors-to-expedite-critical-cargo-flights" rel="noreferrer noopener" target="_blank">International Civil Aviation Organization and airfreight industry groups have urged governments to relax quarantines and other rules affecting crews </a>so cargo and passenger repatriation flights can operate without disruption.

<a href="https://www.freightwaves.com/news/author/erickulisch" rel="noreferrer noopener" target="_blank">Click here for more FreightWaves/American Shipper articles by Eric Kulisch.</a>

RECOMMENDED READING:

<a href="https://www.freightwaves.com/news/us-denies-china-extra-passenger-flights" rel="noreferrer noopener" target="_blank">U.S. denies China extra passenger flights</a>

<a href="https://www.freightwaves.com/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo" rel="noreferrer noopener" target="_blank">U.S.-China airline quarrel exacerbates supply shortage for cargo</a>

<a href="https://www.freightwaves.com/news/united-airlines-to-reintroduce-china-service-in-july" rel="noreferrer noopener" target="_blank">United Airlines to reintroduce China service in July</a>

<a href="https://www.freightwaves.com/news/regulatory-flexibility-needed-to-keep-supply-lines-open-airfreight-industry-says" rel="noreferrer noopener" target="_blank">Regulatory flexibility needed to keep supply lines open, airfreight industry says</a>

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Stocks That Hit 52-Week Highs On Tuesday

Rumors

EADSY

EU Air Safety Agency May Recommend That Airlines have Two-Persons in Cockpit at All Times, According to Source -Reuters

When investing, the main objectives are growth, value, and income from a stock. When all can be found in one company, it does not get much better for an investor. Aircastle (NYSE: <a class="ticker" href="/stock/ayr#NYSE">AYR</a>) is appealing for investors looking for all of those attributes in a single small cap holding.

	Aircastle Ltd leases commercial airliners.

	Planes are bought from Boeing (NYSE: <a class="ticker" href="/stock/ba#NYSE">BA</a>) and others and then leased to clients such as United Continental (NYSE: <a class="ticker" href="/stock/ual#NYSE">UAL</a>), US Airways (NYSE: <a class="ticker" href="/stock/lcc#NYSE">LCC</a>), and KLMR Royal Dutch Airlines (PINK: KLMR). Business has been improving since The Great Recession for Aircastle Ltd. For growth investors, earnings-per-shares are increasing at a quarterly rate of 108.70 percent. While growth like that is clearly unsustainable, analysts expect earnings-per-share growth to average 24.23 percent over the next five years for Aircastle Ltd.

	Even with this soaring growth, there is still much to appeal to value investors.

	The price-to-book ratio for Aircastle Ltd is 0.87. That means there is more than a 10 percent discount in the stock price for the assets of Aircastle Ltd. Value investors should also like the strong cash position: the price-to-cash ratio of Aircastle Ltd is 2.99, with its price-to-free-cash flow ratio being 3.36.

	For income investors, the dividend yield is 3.36 percent. The average dividend for a member of the Standard &amp; Poor&#39;s 500 Index is around 1.9 percent. It is worthy of note that Aircastle pays a much higher dividend than the companies it does business with such as Boeing (1.58 percent); and United Continental, US AIrways Group, and KLMR Royal Dutch Airlines, which do not pay dividends.

	Investors of all types should be very pleased by the heavy insider buying at Aircastle.

	According to investing legend Peter Lynch, there are many reasons for insiders to sell a stock (pay tuition, buy a home, part of a pre-set program, among others). But, as Lynch advised, there is only one reason for an insider to buy: the expectation that the share price will rise. Up more than 50 percent already for 2013, those with the most knowledge about Aircastle, the company insiders, are buying, looking for the price to rise even more.

	That is a bullish indicator to all investors, no matter what the objective!

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