Airline stocks set for best month in two years on summer rush, lower fuel prices

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US airline stocks were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season

A Delta Airlines flight descends past stormy clouds as it approaches to land in San Diego, California, U.S., December 12, 2022. REUTERS/Mike Blake/File Photo

However, Raymond James analyst Savanthi Syth expects air travel demand to moderate in the second half, given the high level of uncertainty and limited visibility into the fall. multiple at 19.1. Despite the discounted valuations, the strong rally has drawn interest from some bearish investors.

 

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