After struggling through deregulation, high oil prices, and a lengthy recession, airline stocks have rebounded in synchronization with the US stock market, with better global economies, and generally as a leading US economic indicator. A simple comparison of the six largest US airlines gives an encouraging picture of the recovery.
Of course, investors should be aware that airlines legendarily compete head-on in most markets: United, for example, has just said that despite stronger-than-expected fourth quarter revenues, it will add capacity and match others’ low prices.
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