Why Airline Shares Soared Higher in November
Airline shares took flight in November, buoyed by news of progress in the race to develop a COVID-19 vaccine. Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) led the charge higher, up 31.4%, 25.3%, and 17.2% for the month, respectively, according to data provided by S&P Global Market Intelligence. The airline business has been hit harder than most by the pandemic, with travel demand evaporating last March and only slowly recovering in the months since.
