Why Airline Shares Are Rallying Today
Airline stocks took off on Wednesday on a report that additional payroll support could be included as part of a second government stimulus plan. Airlines and their unions had been lobbying for the provision, but it seemed like a long shot as recently as a few weeks ago. Shares of American Airlines Group (NASDAQ: AAL) led the sector higher, up 8.5% as of 3 p.m. EDT, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all up 4% or more, and JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), and Delta Air Lines (NYSE: DAL) up 3% apiece.
