Why Airline Stocks Are Sinking (Again) on Thursday
Investors curbed their enthusiasm over airline stocks Thursday, after Wednesday's coronavirus vaccine-inspired monster run-up in such shares.
In trading yesterday, shares of United Airlines (NASDAQ: UAL) soared more than 14% and American Airlines (NASDAQ: AAL) gained 16%. Discount airline Spirit (NYSE: SAVE) notched a 12% gain, and even Delta Air Lines (NYSE: DAL) -- burdened by bad news earlier in the week -- closed 9.5% higher.
Today, though, what went up is coming back down.
Source Fool.com
