Don’t Believe The Hype: Airline Stocks Could Be Cut In Half In 2023
The airline industry is traditionally one of the hardest hit when the global economy takes a downturn. During the Great Recession of 2008, airline stocks plummeted, and many companies were forced to declare bankruptcy. With the possibility of another recession looming in the near future, investors are likely to be wary of investing in the airline industry.
$UAL United Airlines Trending to $25 Support in 2023. Current Price: $38
$DAL Delta Airlines Should trend toward $24 in 2023. Current price: $33.
$LUV SOUTHWEST AIRLINES SHOULD TREND TOWARD $20 AND BELOW IN 2023. CURRENT PRICE: $36.
$AAL American Airlines clings to support. It could be sent back to its 2009 lows of $3. Current Price: $12.71
$JBLU JetBlue is testing pivot support from 2008. A break from current levels should send it to $3. Current Price: $6.45.
$AGLT Allegiant Travel Company heading to $40 in 2023. Current price: $65.70
$ULCC Frontier Group Holdings should sink to fresh lows in 2023. Current price: $10.45
$SAVE Spirit Airlines should lose half its value in 2023. Support at $10. Current Price: $19.63
$SKYW Skywest could sink 35% to $10 in 2023. Current Price $15.60
$MESA Mesa Air Group
2021: $17
2022: $1
Extras
Since 109 years ago, the US dollar has lost over 96% of its value.
116 Billion in lost crypto wealth
Multi year declines in the stock market
Disclaimer: The material in this newsletter is for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. This newsletter is not a substitute for professional investment services. Past performance is no guarantee of future results, and there is no assurance that investment objectives will be achieved. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. All investments contain risk.