Why Airline Shares Are Flying Higher Again Today

Airline shares are rallying for the second straight day on Tuesday, as investors continue to see reasons to hope travel patterns disrupted by the coronavirus pandemic will soon begin to normalize. On Monday, it was an increase in airport traffic over the weekend that drove shares higher. Today, it is positive headlines on a vaccine.

Shares of American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) each topped out at more than 7% on Tuesday morning, with shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), and Allegiant Travel (NASDAQ: ALGT) all spiking 5% or more.