Why Latin American Airline Stocks Are Up Today
Latin America is beginning to reopen after the COVID-19 pandemic. That, coupled with a surge in U.S. airline shares on improving domestic travel trends, has investors focused on buying into Latin American airlines.
Shares of Brazilian airlines Azul (NYSE: AZUL) and Gol Linhas Aereas Inteligentes (NYSE: GOL) each closed up 14% on Friday, while shares of Mexico's Controladora Vuela Compania de Aviacion, or Volaris (NYSE: VLRS), closed up 10%.
Airline stocks around the globe have plunged due to the pandemic, which has caused travel demand to all but evaporate. Latin American airlines have seen their traffic impacted far more than most, as they are more reliant on international travel than their U.S. counterparts.
Source Fool.com
