Should You Sell Airline Stocks as Coronavirus Cases Surge?
The latest wave of the COVID-19 pandemic looks like it could be even worse than the initial outbreak that tore across the U.S. this spring. With the coronavirus rampaging out of control, airline bookings -- already weak by historical standards -- are slowing further. Meanwhile, cancellations are on the rise.
Last week, several U.S. airlines acknowledged the recent demand downturn, including American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL), and Alaska Air (NYSE: ALK). Does the latest setback mean it's time to sell airline stocks? Or does positive news about vaccine development make it a good time to buy? Let's take a look.
Image source: American Airlines.
Source Fool.com
