Why Airline Stocks Are Soaring Today

On Thursday, Delta Air Lines (NYSE: DAL) kicked off airline earnings season on a high note and took the rest of the sector along for the ride. Shares of Delta, American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) all climbed as much as 5% on Thursday morning on hope that a recovery is at hand.

Airline stocks endured a miserable 2020 due to the pandemic, and 2021 was choppy as investors weighed signs of pent-up demand against the threat of new variants and renewed travel restrictions. Investors are eager to see what the companies have to say about 2022, and Delta on Thursday provided reason for optimism.

Image source: Delta Air Lines.

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Source Fool.com