Why Airline Stocks Are Up Today
Airline shares gained altitude on Monday thanks to a series of positive signs concerning the industry's post-pandemic recovery. United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Spirit Airlines (NYSE: SAVE) led the way higher, each up more than 5% at one point on Monday.
It's been a difficult last 12 months for airlines, as the pandemic caused demand for travel to dry up and sent the entire industry into the red. We've seen a slow recovery in the shares in recent months thanks to the development of vaccines and signs there is pent-up demand for travel once it is safe. And on Monday we got a fresh batch of good news to send the stocks higher.
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Source Fool.com
