Why Airline Stocks Are Soaring Today
Two of the nation's largest airlines have issued positive forecasts for the year, and airline stocks are gaining altitude as a result. Shares of both American Airlines Group (NASDAQ: AAL) and United Airlines Holdings (NASDAQ: UAL), the two airlines that reported in the last 24 hours, traded up as much as 12% on Thursday, while shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) are going up at least 5% apiece.
Airline investors had high hopes heading into this earnings season, and so far the companies who have reported have not disappointed. Delta got things off to a good start last week, and the optimism continued on Wednesday night and Thursday morning with reports from United and American, respectively.
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Source Fool.com
