Why Airline Stocks Are Flying Higher Again Today
Investors are still trying to figure out what to make of the omicron variant, and what the latest twist in the pandemic will mean for travel stocks. The news Wednesday was mostly positive, and that pushed shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) up as much as 5% apiece.
Airline stocks have come a long way since their spring 2020 lows, but the industry is still feeling the impact of the pandemic. Last year, travel all but shut down, leading the airlines to report massive losses and stretch their balance sheets thin. This has been a year of recovery, but the industry is still vulnerable, and any return to 2020 lockdowns and travel restrictions would create the potential for new headaches.
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Source Fool.com
