Why Airline Shares Are Gaining Altitude Today
Airline stocks are flying through turbulence right now, bouncing up and down based on sentiment about how long the COVID-19 pandemic will halt travel and how quickly demand for flights will recover.
On Monday, optimism dominated Wall Street, and airlines at least initially got caught in the updraft. Shares of JetBlue Airways (NASDAQ: JBLU) and Alaska Air Group (NYSE: ALK) both gained more than 10% early in the day, and United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) were all up more than 5%.
All of the stocks gave up some of the gains as the day wore on, and Delta actually turned slightly negative due to company-specific news, but there is a feeling of hope riding with the airlines on Monday.
Source Fool.com
