Why Airline Stocks Are Rising Again Today
The early takeaways from earnings season suggest that the economy is not spiraling into an inevitable recession. That sentiment is giving stocks a lift on Tuesday, and airlines are going along for the ride.
Shares of Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) all rose as much as 5% on the hope that demand will hold up and the post-pandemic sector recovery can continue.
Airline investors were on edge coming into earnings season, and Delta's move last week to lower expectations for the rest of the year did little to calm those fears. The industry was hit hard by the pandemic, but investors had hoped the worst was now behind us and strong travel demand this year would help the carriers rebuild their balance sheets.
Source Fool.com
