Why Airline Shares Are Flying High Today
On Tuesday, a Wall Street analyst voiced a bullish opinion on the airline sector, saying that the group is making the transition from "COVID losers to reopening winners." The airlines are gaining altitude, as a result, with a collection of carriers including American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Southwest Airlines, JetBlue Airways (NASDAQ: JBLU), Frontier Group Holdings (NASDAQ: ULCC), and Spirit Airlines (NYSE: SAVE) all up at least 5% in midday trading.
Airlines faced a difficult journey through the pandemic, as travel demand fell to near zero. More than two years after the initial lockdowns, the sector is still trying to regain its footing, with some analysts predicting that business won't get back to normal until the second half of the decade.
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Source Fool.com
