Why Azul, Gol Linhas Aereas, and Grupo Aeroportuario del Pacifico Stocks All Popped 10% Today

Good news out of American Airlines (NASDAQ: AAL) this morning sparked a rally in airline stocks throughout U.S. stock markets and beyond.

In afternoon trading, not only did shares of companies such as Delta and United follow American higher, but also shares of Brazilian carriers Gol Linhas Aereas Inteligentes (NYSE: GOL) and Azul (NYSE: AZUL) ended the day with even stronger gains of 11.9% and 19.1%, respectively. Additionally, Mexican airport owner Grupo Aeroportuario del Pacifico (NYSE: PAC) closed up a strong 6.1%, as well.

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Source Fool.com