Why Airline Stocks Are Flying High Today
Wall Street is taking an upbeat view toward airlines at the start of the new year, and the stocks are responding by gaining altitude. Shares of American Airlines Group and United Airlines Holdings each climbed as much as 6% on Monday, while shares of Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) each climbed nearly 5%.
We know 2020 was a miserable year for the airline industry. While 2021 showed some signs of a recovery, the pandemic is still weighing on the stocks. There's hope 2022 will usher in better days, and that optimism is reflected in Monday's trading.
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Source Fool.com
