Why Airline Shares Are Flying High Today
Companies most impacted by the pandemic and that would benefit from a second round of stimulus were on the ascent on Monday on hopes lawmakers will act prior to the November election. Airline stocks were among the big beneficiaries of Wall Street's newfound optimism.
Shares of United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL) were both up 7% apiece as of 1:30 p.m. EDT, while shares of American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) were both up more than 6% and Southwest Airlines (NYSE: LUV) gained more than 5%.
It was a good day for the entire industry, with airlines including Hawaiian Holdings (NASDAQ: HA), Spirit Airlines (NYSE: SAVE), and Alaska Air Group (NYSE: ALK) all up more than 4%.
Source Fool.com
