Airline stocks like United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL) look ready for takeoff on Monday. So with UAL, DAL and AAL stock all up more than 5%, what do you need to know? And what has airline names rallying?
The story here should be familiar. Airline stocks took a major hit at the start of the pandemic, as recreational and business travel came to a screeching halt. Although demand has started to recover, it is still far below pre-pandemic levels. And with the Covid-19 situation continuing to evolve, such as through emerging strains, some investors are hesitant to approach the sector. However, one analyst dove in today in a big way.
That analyst, Michael Linenberg