. The nation's four major airlines, which had lost between 40% and 68% of their value year-to-date through the end of May, all posted solid gains last week, including a 77% jump at industry leader American Airlines and a 19% gain at Southwest . Airline stocks were up again Monday after Bank of America raised its recommendation on two smaller airlines — JetBlue , to neutral from sell, and Alaska Air , to buy from neutral.
Not everyone is convincedAmerican Airlines also helped the sector last week by bringing back many of the flights it had grounded. It announced it would fly 55% of its normal schedule in July, a huge jump from the 20% of the schedule it is flying in June.All of the airline stocks are still down 20% or more so far this year. And not everyone is convinced it is time to get back into airline stocks.
'Rising hopes.' Sell now....
I'd be more cautious. Airlines saw a return to 17% of traffic from last year. That's not much of a recovery.
I bought as much as I could in early March and I am at 40% gain on AA, DAL, HLT, MAR, PK. The market is so short sighted. Look at the 52 week avg and consider the cash on hand. I let my AA go at $16 because they still had a lot of debt compared to DAL.
Based on people going back to work.
What C19 ..that's right fear tactic
so is Kelly Loeffler, and others now rebuying those stocks?
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