Airline stocks are on a high Monday as coronavirus vaccine hopes soar. LUV stock is the sector’s best play due to its strong financial position. Shares of Boeing are surging, but the planemaker is still bogged down by MAX issues. Saudi Arabia went bottom fishing in the U.S. stock market last week. A handful of…
The airline sector will get $29 billion if the $2 trillion stimulus deal makes it through Congress. Air travel continues to be ravaged by the coronavirus pandemic as massive flight cancellations continue. Airline stocks bulls are ignoring the gloom the sector faces. U.S. airline stocks are one of the beneficiaries of the $2 trillion stimulus…
Airline stock performance has been a reliable indicator of recession, and they are down 30% in the last ten days alone. The last time airlines dropped this fast was 9/11. They posted similar declines amid the 2007 financial crisis. The World Bank estimates that a global pandemic could shave $3 trillion off global GDP –…
