The so-called “reopening trade” took flight on Tuesday, with headlines suggesting the latest pandemic surge had peaked in a number of key states and that optimism continues about the vaccine rollout. Booking Holdings (NASDAQ:BKNG) shares rallied 6% higher, and among airline stocks shares of American Airlines Group (NASDAQ:AAL), Southwest Airlines (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), and Spirit Airlines (NYSE:SAVE) each climbed 5%.
So what
Airline stocks and other travel companies have been stuck in a holding pattern of late. The sector....More>>>