Airline Stocks Are No Holiday Deal

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Heard on the Street: After the recent rally in pandemic-stricken shares, airlines’ valuations aren’t as cheap as they might appear on the surface

After the recent rally in pandemic-stricken shares, carriers’ valuations aren’t as cheap as they might appear on the surface

After an unprecedented drop in air travel due to the coronavirus, passenger airlines are being forced to make long-term, make-or-break decisions at a time of great uncertainty and minimal cash flow. So how are they planning to survive? WSJ finds out. Composite: George Downs/The Wall Street Journal

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