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.

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Source Fool.com