By Kuldip K. Ambastha
The airline sector caught our attention this week, due to strong returns seen by various companies. In this piece, American Airlines Group (AAL), Delta Air Lines (DAL), JetBlue Airways Corporation (JBLU), Southwest Airlines (LUV), and United Airlines Holdings (UAL) will be focused on. On Wednesday, June 3, 2020, Southwest Airlines delivered 5.6%. On Thursday, June 4, 2020, American Airlines Group delivered 41.1%, Delta Air Lines: 13.7%, JetBlue Airways Corporation: 15.5%, and United Airlines Holdings: 16.2%. Despite the public health issues still present due to the coronavirus pandemic, investors are speculating that demand for travel will rebound. Various airlines are seeing increased interest from travelers. Accordingly, these airlines are starting to add more flights to their schedules. If the summer travel season goes by without extensive damage from the coronavirus, it may be the case that airline companies have moved into a more sustainable footing for the long-term.
Keywords – American Airlines Group, AAL, Delta Air Lines, DAL, JetBlue Airways Corporation, JBLU, Southwest Airlines, LUV, United Airlines Holdings, UAL, airlines, airline, flying, flight, travel, coronavirus, pandemic.
Disclosure – The clients and principals of Ambastha Financial LLC do not have any positions in AAL, DAL, JBLU, LUV, and UAL.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2020 – Ambastha Financial LLC.