Why Shares of Airlines Are Soaring Today
Airline stocks are gaining altitude again on Thursday, after Treasury Secretary Steven Mnuchin said assistance for the industry is a top priority, and companies could be hearing from his department by the weekend.
Shares of United Airlines Holdings (NASDAQ: UAL) led the way, up 17.6% as of 11 a.m. EDT; shares of American Airlines Group (NASDAQ: AAL), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), and Alaska Air Group (NYSE: ALK) were all up more than 13%. JetBlue Airways (NASDAQ: JBLU) is up more than 9%.
Delta Air Lines (NYSE: DAL) and Southwest Airlines (NYSE: LUV), arguably the two strongest companies in the sector, were up 6.8% and 5.2%, respectively.
Source Fool.com
