This FTSE Airline Could Easily Land In Any Long-Term Portfolio

This FTSE Airline Could Easily Land In Any Long-Term Portfolio

In the initial months of the COVID-19 pandemic, most investors avoided travel shares, especially airlines. Yet, as investor sentiment began improving, so did the share prices of these businesses.

For instance, year-to-date (YTD), the and the indices are up more than 17% and 36%, respectively. Since the start of the year, shares of American Airlines (NASDAQ:), Delta Air Lines (NYSE:) and United Airlines (NASDAQ:) have returned more than 61%, 25% and 44%, respectively.

On the other side of the Atlantic, airlines have also been among the most traded shares on the and indices. Today, we take a closer look at FTSE 250 member Wizz Air Holdings (LON:) (OTC:). In the past 12 months, WIZZ stock is up 141% and YTD returns are about 16%. On Mar. 18, the shares closed at 5,100p ($16.75 for U.S.-based stock).

Wizz Air Holdings Weekly Chart.A Budget Airline Serving Niche MarketsHungary-based Wizz Air started operations in 2003 as a low-cost airline. Since then, it has concentrated on the relatively under-served central and eastern European markets.

Wizz Air flies to numerous cities in Europe, as well as some points in North Africa and the Middle East. Since the first flight in 2004, the airline has flown