Fundamental Analysis
According to data released by Statista on August 29, 2023, LUV holds approximately 16.9% of the domestic market share among leading US airlines from February 2022 to January 2023. This marks the third highest percentage of market share held by a single airline in the US, indicating a significant competitive advantage.
Furthermore, the airline industry is a crucial sector for economic growth, and governments typically strive to support major players within it to prevent failures.
My game plan is to invest in the top four airline companies in the US, based on their market share, at favorable values determined by price action. I already hold a position in UAL and AAL. The remaining airlines on my list are LUV and DAL.
Technical Analysis
The current price is at a key levels close to the low of the higher time frame descending channel, prompting me to initiate a position, representing approximately 2.5% of my capital as a single entry. I do not intend to increase this position further, even if the price experiences a significant decline. However, I will consider purchasing other airline stocks from my watchlist if they reach my desired entry levels.
Conclusion
If I decide to make any changes to my position in the future, I will provide updates to this post. Check out the posts, regarding my other Airline stock entries, which is attached underneath.
According to data released by Statista on August 29, 2023, LUV holds approximately 16.9% of the domestic market share among leading US airlines from February 2022 to January 2023. This marks the third highest percentage of market share held by a single airline in the US, indicating a significant competitive advantage.
Furthermore, the airline industry is a crucial sector for economic growth, and governments typically strive to support major players within it to prevent failures.
My game plan is to invest in the top four airline companies in the US, based on their market share, at favorable values determined by price action. I already hold a position in UAL and AAL. The remaining airlines on my list are LUV and DAL.
Technical Analysis
The current price is at a key levels close to the low of the higher time frame descending channel, prompting me to initiate a position, representing approximately 2.5% of my capital as a single entry. I do not intend to increase this position further, even if the price experiences a significant decline. However, I will consider purchasing other airline stocks from my watchlist if they reach my desired entry levels.
Conclusion
If I decide to make any changes to my position in the future, I will provide updates to this post. Check out the posts, regarding my other Airline stock entries, which is attached underneath.
