Why Airline Stocks Are Flying Higher Today
Shares of airline stocks got a lift on Tuesday following the release of data from the Transportation Security Administration (TSA) showing a recent rebound in travel volumes. The industry still has a long way to go to fully recover from the COVID-19 pandemic, but during a difficult period every bit of added revenue is a plus.
Discounter Spirit Airlines (NYSE: SAVE) led the way, up 8.9% as of 11:30 EDT, with shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Southwest Airlines (NYSE: LUV) all solidly in the green.
More than 737,000 passengers were screened by TSA airport staff on Monday, the fifth straight day the number topped 700,000 after posting declines and daily numbers falling below 600,000 on many occasions over the past two weeks.
Source Fool.com
