Airlines may be struggling but global travel is in an uptrend. These companies are set to benefit

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AAR Corp,Delta Air Lines Inc,American Airlines Group Inc

Investors are positive on the hardware side of the travel industry that could get a lift from Boeing aircraft delays, and the rise in global travel.

This year offers the latest proof for an old joke about investing in airlines. When Richard Branson, the British business magnate who co-founded the Virgin Group, was once asked how to become a millionaire, he quipped: "There's really nothing to it. Start as a billionaire and then buy an airline.

"And AAR benefits from all the maintenance requirements to refurbish, and basically meet specifications of a lot of the aging aircraft that flying." The stock is also a consensus buy on the Street. Of the six analysts covering the stock, four rate it a buy and two a strong buy, according to LSEG. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds.

 

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