With this, I’ll admit that those holding this stock don’t need to hear once more that MESA stock has been a poor-performing investment. Shares have fallen by more than 91% over the past five years. It may seem like it’s far too late to declare that Mesa Air Group (NASDAQ: MESA) is one of the top airline stocks to sell. Sometimes, there’s possible turbulence from company-specific headwinds as well. With these seven airline stocks to sell, not only is the possibility of industry headwinds a major risk to future performance. Only starting now to walk back earnings forecasts, a worsening of the situation (like say, from a possible 2024 recession that curbs air travel demand) could cause an additional round of price declines. However, these stocks may still have a way to go before the dust truly settles. To some, the across-the-board price declines may suggest that this uncertainty is already baked into airline stock valuations. Since July, shares in legacy and budget carrier alike have plunged, as soaring labor and fuel costs point to greater uncertainty over future results. The airline industry has been flying high since 2022, thanks to the post-pandemic “revenge travel” trend, but after a rare period of strong operating and stock price performance, now may be the right time to consider what are the airline stocks to sell.
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