Why Airline Shares Are Higher Today
The airline industry, though still troubled, is showing signs of a rebound, and that has investors buying in on Thursday.
Shares of American Airlines Group (NASDAQ: AAL) led the push higher, up 9.8% as of 1 p.m. EST, with shares of Spirit Airlines (NYSE: SAVE) and United Airlines Holdings (NASDAQ: UAL) up 7% apiece and shares of Delta Air Lines (NYSE: DAL) up 5.9%.
It's been a difficult year for the airline industry, with the stocks weighed down by a pandemic-induced fall in travel demand. These stocks all lost more than half their value in the early days of the pandemic, and haven't seen much of a bounce back until recently.
Source Fool.com
