Why Airline Stocks Are Higher Today
Airline investors looking for signs of a post-pandemic recovery got some positive news on Friday, and stocks are reacting accordingly. Leading the way were shares of United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Spirit Airlines (NYSE: SAVE), which were each up more than 5% apiece.
Airline stocks endured a miserable 2020, as the pandemic wiped out demand for travel and sent the entire industry into the red. There is no chance of a recovery until travel patterns normalize, and that is going to take progress toward beating the pandemic.
The news from health sources was positive on Friday, with Pfizer and BioNTech saying the vaccine they developed generates robust immunity after only one dose and is easier to store than once thought. That news offers hope that more people will be able to get the vaccine sooner.
Source Fool.com
