Stay alert to the beautiful images of the travel market that is steadily recovering, showing that airline stocks are once again becoming the focus of investors. The year 2025 is a good year for this sector because travel demand remains strong, whether for leisure or business trips.

Let's see which airline stocks in Thailand are worth watching. The first is Thai Airways (THAI), the national airline that recently exited the debt restructuring process in mid-2025. The company now serves over 60 destinations worldwide. The stock price is about 3.32 baht, with a market value of approximately 6.2 billion baht. What’s interesting is the government support that helps improve financial stability, making it the airline that benefits most from the tourism recovery.

Another Thai airline is Bangkok Airways (BA), known as the "Boutique Airline of Asia," trading at 15.10 baht, with a market value of around 65-70 billion baht. The company's uniqueness lies in owning its own airports in tourist destinations like Koh Samui, which helps increase revenue and profits. EPS is 0.80 baht, and it has strong total assets.

Looking at foreign airlines, Delta Air Lines (DAL) is a giant in the U.S. with over a hundred years of operation, a fleet of more than 1,250 aircraft. It not only transports passengers but also ships cargo. Recently, it announced a Seattle-Taiwan route to connect Asian markets. The stock price is about $56.29, with a market cap of $36.3 billion. Although the YTD return is -6.96%, analysts see it as a buy, with a one-year target of $64.37. In Q2 2025, revenue was $16.6 billion, with an operating profit of $2.1 billion. Pricing strategies for all traveler levels help increase returns.

United Airlines (UAL) focuses more on international and long-haul routes than domestic flights. After recovering from COVID, the company purchased new aircraft to replace older models. The stock price is $92.25, with a market value of $30.3 billion. The YTD return is -4.99%, but it still has a "buy" recommendation. In Q2, revenue was $15.2 billion, with EPS of $3.87. Driven by demand for international and premium travel, the one-year target is $102.24, with an upward trend of about 11%.

Southwest Airlines (LUV) targets the largest domestic travel market in the U.S., with over 700 aircraft. It emphasizes low costs and short routes. The stock price is $36.51, with a market cap of $21.9 billion. The YTD return is +8.60%, but analysts recommend "hold" due to high labor and fuel costs, aging fleet, and sluggish revenue growth. The one-year target is $30.97, indicating downside risk.

American Airlines (AAL) is not only the largest airline in America but also the biggest in the world, with over 6,800 flights daily to 350 destinations across more than 48 countries. The stock price is $12.51, with a market cap of $8.22 billion. The YTD return is -28.23%, making it the worst performer in the list. However, analysts recommend "buy" due to its potential for recovery if cost control is managed well. The one-year target is $13.70.

Overall, the airline sector is experiencing a good period. The tourism market continues to recover strongly, with high travel demand and major festivals like Christmas, along with the recovery of international routes. Analysts have a positive outlook, not only due to general tourism trends but also because of each company's specific strategies, such as fleet upgrades, loyalty program expansion, and fuel efficiency improvements.

For those seeking long-term investments or speculative gains from Q4 earnings reports released between January and February, airline stocks are an interesting opportunity. Whether you are a conservative investor or a trader looking to capitalize on momentum, these stocks reflect a recovering sector with strategic potential for the coming year.