Why Airline Stocks Are Soaring on Wednesday
Positive news on a new coronavirus vaccine helped lift airline shares in Wednesday midday trading. As of noon EDT, shares of American Airlines (NASDAQ: AAL) are leading the pack higher, up 7.8%, followed closely by fellow legacy carrier United Airlines (NASDAQ: UAL), with a 7.2% gain.
Discount flyers Spirit Airlines (NYSE: SAVE), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) are up 6.2%, 5.9%, and 4.9%, respectively. Delta Air Lines (NYSE: DAL) brings up the rear with a 4.2% gain.
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Source Fool.com
