Airline Stocks Soar at the Open: Is Now the Time to Buy?

Investors were greeted Monday morning with the most positive development yet in the race to find a COVID-19 vaccine, and are responding by rushing into some of the stocks most impacted by the pandemic.

Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Allegiant Travel (NASDAQ: ALGT) all up more than 20%.

Even the relative laggards, Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK), were each up more than 19% in early Monday trading.

Continue reading

Source Fool.com