Why Shares of AerCap Soared Higher on Monday
Shares of AerCap Holdings (NYSE: AER) closed up 10.5% on Monday, rallying alongside shares of the company's airline customers. Wall Street is growing more optimistic the airlines will get a second round of government stimulus to help combat the pandemic, and that's giving wings to stocks that count on airlines for their revenue.
The airline industry has been among the sectors hardest hit by the pandemic, and with travel demand expected to remain depressed into 2022, if not longer, the carriers face a struggle to survive. That's a danger for AerCap, which is in the business of buying planes directly from manufacturers and leasing them to airlines.
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Source Fool.com
