The next cycle of recovery for airlines will be international and business travel, Citigroup analyst Stephen Trent said Monday on CNBC's "Squawk Box."
From a risk-reward perspective, the three airline stocks that still look attractive to the analyst at current levels are Delta Air Lines, Inc. DAL, United Airlines Holdings Inc UAL and Frontier Group Holdings Inc ULCC.
Delta recently reported first-quarter earnings of -$3.55 per share, which came in below the estimate of -$3.13.
Delta Earnings: Recap: Delta Air Lines Q1 Earnings
United recently reported first-quarter earnings of -$7.50 per share, which came in below the estimate of -$7.05.
United Earnings: United Airlines Holdings: Q1 Earnings Insights
Frontier is set to release financial results after market close on May 13.
Year-To-Date Price Performance: Delta is up 16.69% year-to-date.
United is up 25.78% year-to-date.
Frontier is up 11.62% year-to-date.
(Photo: Tom Brunberg via Unsplash)
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