Why Airline Stocks Are Soaring Today
On Tuesday, stocks enjoyed their second straight day of gains as investors appear to see glimmers of hope that the worst of the rate hikes are now behind us and a so-called hard landing can be avoided. Shares of American Airlines Group (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) are leading the way, each up more than 8% as of 11 a.m. ET on Tuesday, with shares of United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), and JetBlue Airways (NASDAQ: JBLU) all up more than 5% apiece.
