Why Airline Stocks Are Soaring Today

Americans returned to the skies this weekend, and that's causing airline stocks to take off.

Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and Alaska Air Group (NYSE: ALK) all traded up more than 6% as of 12:30 EDT Monday, with shares of JetBlue Airways (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more.

Allegiant Travel (NASDAQ: ALGT) is the laggard in the sector today, but at up 3.6%, it is still easily outperforming the broader markets.

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Source Fool.com