Why Airline Stocks Are Flying High Today

Seemingly every day there are fresh signs that the airline business is returning to normal. That, plus a new round of stimulus that should both assist the businesses and hopefully create additional demand for travel, has the stocks on the move higher on Friday.

Leading the way is Spirit Airlines (NYSE: SAVE), up as much as 8%, with American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) each up as much as 6%.

Airlines were among the big losers of 2020, with the pandemic wiping out demand for travel and sending the companies deeply into the red. But the U.S. industry survived, in part thanks to billions in government assistance.

Continue reading

Source Fool.com