Why Airline Shares Are Higher Today
With the U.S. presidential election now in the past, the focus in Washington is shifting back to talk of a second COVID-19 stimulus package, and the potential for additional support for airlines has the sector pushing higher on Tuesday.
Shares of American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) are leading the move higher, each up more than 4.5% as of 1:30 p.m. EST.
Airlines have seen travel demand collapse due to the pandemic, with carriers bleeding through millions per day since March. They've survived thanks in part to government assistance, with $50 billion earmarked for the industry in the form of grants, loans, and payroll support as part of the CARES Act.
Source Fool.com
