Why Airline Shares Took Off at the Open Today
Airline shares are flying high on Wednesday morning, reacting to a Tuesday night push by President Donald Trump to provide a second round of assistance to the struggling industry. That's a much different message from what Trump had said earlier in the day, and it's a reason for investors to get excited.
JetBlue Airways (NASDAQ: JBLU) led the sector higher on Wednesday, up 8% as of 9:45 a.m. EDT, while United Airlines Holdings (NASDAQ: UAL) climbed 5.8%; Spirit Airlines (NYSE: SAVE) was up 4.3%; and Alaska Air Group (NYSE: ALK), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) were all up more than 3% apiece.
Image source: Getty Images.
Source Fool.com
