Should You Buy or Sell Airline Stocks Right Now?
Airline stocks in recent weeks have been flying through turbulence, caught up in an election-year battle in Washington over a second stimulus bill. The industry has been hit hard by the COVID-19 pandemic, and with a full recovery likely years away airlines can use all the help they can get.
The focus on Washington is understandable, but investors with a long time horizon would be better served ignoring the stimulus talk and focusing on when travel will rebound. Airline stocks are off their spring lows, but still down big for the year.
The stock prices are well suited for value investors, but still carry a lot of risk and uncertainty. Here's a look at where the industry stands right now, and whether it is safe to buy in.
Source Fool.com
