Why Airline Stocks Are Up Today
The U.S. Centers for Disease Control and Prevention (CDC) provided new fuel for the so-called "reopening trade," and airline stocks are taking flight as a result. Shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) are leading the way, all up more than 5% on Friday.
Few sectors were hit harder by the pandemic than airline stocks, and the industry endured a miserable 2020 as demand for travel all but vanished. But 2021 has been a different story. With vaccines available and vaccination rates climbing, so have airline stocks on hope for a strong summer vacation season.
Image source: Getty Images.
Source Fool.com
