Why Shares of LATAM Airlines Are Up Today
Shares of LATAM Airlines Group (NYSE: LTM) soared 22% on Friday morning, before falling back somewhat, on encouraging news about a potential post-COVID-19 travel recovery. But not all airline stocks are the same, and investors should avoid buying into the rally in LATAM shares.
Airlines have been hit hard by the pandemic, which has caused travel demand to plummet and left carriers scrambling to avoid failures. LATAM in particular has been hard hit, with the airline filing for bankruptcy protection late last month.
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Source Fool.com
