Why Airline Stocks Are Gaining Altitude Today
United Airlines Holdings (NASDAQ: UAL) raised its outlook for the current quarter, and it is giving a lift to the entire airline sector. Shares of United and JetBlue Airways (NASDAQ: JBLU) traded up as much as 7% by midday Tuesday, while shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), Hawaiian Holdings (NASDAQ: HA), and Brazilian airline Azul (NYSE: AZUL) were all up 5% or more.
Airline investors are on pins and needles watching to see if high fuel prices, inflation, and other issues will disrupt what is expected to be a strong summer travel season. The airlines had hoped to use 2022 to recoup some of the losses from 2020, when the pandemic reduced travel demand to near-zero and forced airlines to take on loans to stay airborne.
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Source Fool.com
