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Top 5 Aviation Stocks to Buy in 2024

Top 5 Aviation Stocks to Buy in 2023
Diana Paluteder

Summary: Leading aviation stocks can be found on major stock exchanges and accessed with regulated brokers like eToro and Interactive Brokers. In the following paragraphs, we present the top 5 aviation stocks to buy in 2024.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Top 5 aviation stocks to buy

The global aerospace market is expected to reach 678.17 billion by 2032, producing everything from traditional planes to modern drones, rockets, and other advanced aerial vehicles. 

The industry is primarily divided into commercial and defense segments, with many leading companies catering to both airline demands and the strategic needs of governments.

But these aerospace giants aren’t just limited to our atmosphere. They’re at the forefront of a revolutionary movement, transitioning into space stocks that are shaping the future of commercial space exploration and travel. 

Here is our pick for the top 5 aviation stocks to buy in 2024 that stand out in both the commercial and defense arenas as well as the space industry:

  1. Boeing (NYSE: BA);
  2. Lockheed Martin (NYSE: LMT);
  3. Rolls-Royce (LSE: RR);
  4. Honeywell (NASDAQ: HON);
  5. WestJet (TSX: ONEX).

To securely buy aviation stocks, consider these brokers:

1. eToro

  • Commission-free stock trading; 
  • 2,000+ stocks from 17 exchanges;
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  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

2. Interactive Brokers (IBKR)

  • Commission-free stock trading;
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  • Fractional shares available;
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  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Now, let’s look at these companies in a bit more detail. 

1. Boeing (BA)

Industry: Aerospace and defense 

2023 Q4 Market capitalization: $158B

The Boeing Company (NYSE: BA) is a U.S.-based multinational company that designs, produces, and sells airplanes, rotorcraft, rockets, satellites, telecom gear, and missiles, as well as provides leasing and aftersales support services. Boeing is among the world’s largest global aerospace manufacturers and defense contractors.

Boeing is listed on the New York Stock Exchange (NYSE) under the ticker BA and is a constituent of the Dow Jones Industrial Average (DJIA), the S&P 100, and the S&P 500. 

Boeing stock price today

2. Lockheed Martin (LMT)

Industry: Aerospace, defense, advanced technologies, and information security

2023 Q4 Market capitalization: $112B

Lockheed Martin (NYSE: LMT) is an American aerospace, defense, arms, information security, and advanced technology corporation. It’s one of the world’s largest defense contractors, with a broad portfolio that includes everything from advanced fighter aircraft to missile systems and cybersecurity solutions. Lockheed Martin was formed in 1995 by the merger of Lockheed Corporation and Martin Marietta. 

Approximately 50% of the company’s yearly revenues come from the U.S. Department of Defense. Additionally, Lockheed Martin is a contractor for the U.S. Department of Energy and NASA.

Lockheed Martin is listed on the New York Stock Exchange (NYSE) under the ticker LMT and is a component of the S&P 100 and the S&P 500. 

Lockheed Martin stock price today

3. Rolls-Royce (RR)

Industry: Aerospace, defense, energy, and marine

2023 Q4 Market capitalization: $25.67B

Not to be confused with the luxury car brand of the same name under BMW ownership, Rolls-Royce Holdings plc (LSE: RR) is a British multinational aerospace and defense company incorporated in February 2011. Originating from the Rolls-Royce business founded in 1904, the company today specializes in the design, production, and distribution of power systems for the aviation industry, among others. Rolls-Royce is the world’s second-largest aircraft engine manufacturer and has significant operations in marine propulsion and the energy fields.

Listed on the London Stock Exchange with the ticker RR, it’s a constituent of the FTSE 100 Index.

Rolls-Royce stock price today

4. Honeywell (HON)

Industry: Aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS)

2023 Q4 Market capitalization: $138B

Honeywell International Inc. (NASDAQ: HON), based in Charlotte, North Carolina, is an American multinational conglomerate that operates in four business sectors: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).

Honeywell is listed on the Nasdaq under the ticker HON and is a constituent of the Nasdaq-100, the Dow Jones Industrial Average (DJIA), the S&P 100, and the S&P 500. 

Honeywell stock price today

5. WestJet (ONEX)

Industry: Private equity

2023 Q4 Market capitalization: $7.35B 

WestJet Airlines Ltd. (TSX: ONEX) is a Canadian airline headquartered in Calgary, Alberta. It is the second-largest Canadian airline, operating approximately 700 flights daily, with a fleet of over 180 aircraft. In 2019, WestJet was acquired by Onex Corporation, an asset management firm. 

WestJet trades under the Onex brand on the TSX with the stock symbol ONEX. As a result, you can buy WestJet stock by investing in Onex stock. 

WestJet stock price today

You can’t buy WestJet shares directly. If you want to invest in WestJet, you can buy shares in its parent company, Onex Corporation (ONEX), which is a publicly traded company with its stock trading on the Toronto Stock Exchange (TSX) under the stock ticker ONEX.

How to buy aviation stocks safely

Here are ten common mistakes to avoid when investing in the stock market:

  1. Lack of research: Not thoroughly researching companies before investing;
  2. Impulsive decisions: Making decisions based on emotions rather than logic;
  3. Overconfidence: Assuming you can always predict market movements;
  4. Poor diversification: Putting all your money in one stock or sector;
  5. Ignoring fees: Not considering brokerage and transaction fees, which can eat into returns;
  6. Chasing past performance: Buying stocks solely because they’ve performed well in the past;
  7. Not having a plan: Investing without clear goals or an exit strategy;
  8. Neglecting fundamentals: Focusing solely on stock prices without considering the company’s underlying fundamentals;
  9. Avoiding long-term thinking: Obsessing over short-term market fluctuations instead of focusing on long-term growth;
  10. Not monitoring portfolio: Failing to periodically review and adjust your investment portfolio.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about aviation stocks

What are the top 5 aviation stocks to buy in 2024?

Aviation stocks you might want to consider include Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Rolls-Royce (LSE: RR), Honeywell (NASDAQ: HON), WestJet (TSX: ONEX).

How to invest in aviation stocks?

To invest in aviation stocks, follow these steps: open an account with an online broker, deposit funds, search for the stock by its ticker symbol, determine the investment amount, select the order type, and execute the order. 

Where to buy aviation stocks?

You can invest in aviation stocks with regulated online brokers like eToro and Interactive Brokers.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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