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The global airlines market is projected to grow at a 12.7% CAGR over the next five years to reach $744 billion by 2026. According to the International Air Transport Association (IATA), air traffic in the Americas region is expected to witness solid growth over the next 20 years. Pent-up demand and increasing consumer spending are driving a gradual return in leisure and commercial travel.
Given this backdrop, Wall Street analysts expect airline stocks Delta Air Lines, Inc. (DAL), United Airlines Holdings, Inc. (NASDAQ:UAL), Alaska Air Group, Inc. (ALK), and SkyWest, Inc. (SKYW) to gain altitude with a 25%-plus rally in the coming months.