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Jim Cramer says that these two airline shares are the most profitable




CNBC’s Jim Cramer on Monday offered two airline shares that he believes investors should pick up for their portfolios.

“There’s always a beef market somewhere, and right now it’s flying at 30,000 feet. My favorites are the two most profitable, that’s [Delta Air Lines] and [Alaska Air Group]. Just remember to call the registry gradually on the way up, because remember, these are airlines. “They tend to be a booming industry,”[ads1]; said the “Mad Money” host.

Shares in Delta fell 0.96% on Monday, while Alaska shares fell 0.19%.

Delta said earlier this month that it expects unit revenues to increase in double digits in the second quarter compared to the pre-pandemic three years ago. The company also expects total sales to reach 97% of the 2019 levels

CEO Ed Bastian said on “Squawk Box” on the heels of the company’s latest quarterly results that the airline recorded its highest monthly sales ever for orders in March, and that this trend will continue into April.

“I’m still stunned,” Cramer said of Bastian’s comments.

Alaska set a sales record in March, but cut the plan by 2% by the end of June due to a lack of pilots.

“While not one of the big ones, it’s extremely well run, still, with a much higher mix of leisure travelers compared to business travelers,” Cramer said.

“The only problem with this stock is that everyone knows Alaska Airs one of the strongest players in the industry, which makes it harder for them to deliver an upside surprise. That’s why the stock is actually down a few dollars from where it traded before. , “he added.

Cramer said that although there is a beef market in airlines, there are a few companies whose equity investors should avoid.

“I wanted to steer clear of the companies involved in the bidding war for Spirit Airlines – it’s JetBlue, Frontier and Spirit themselves,” he said.

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