Why Airline Shares Are Up Today
Airline shares are gaining altitude on Monday on a positive day for broader markets, with travel stocks getting a boost from optimistic talk about the rollout of the COVID-19 vaccines.
Shares of Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) are leading the way, each up as much as 5% in morning trading.
The airline industry was hit hard by the pandemic, which sapped demand for travel and led all the carriers to report losses in 2020. The only way to make a bull case for the industry involves a successful vaccine, and airline shares have been trading in recent months based on optimism, or pessimism, about how quickly we will be able to defeat the virus.
Source Fool.com
