“Airline stocks soar on signs of travel resumption, recovery hopes”
May 26, 2020
“Shares of airline companies surged in premarket trading Tuesday, amid growing optimism that air travel will resume shortly. The U.S. Global Jets ETF JETS, 9.49% shot up 8.0%, outpacing the gain in futures ES00, 1.92% for the S&P 500 SPX, 1.90%, which rose 1.9%. Among the more active airline stocks ahead of the open, shares of United Airlines Holdings Inc. UAL, 12.95% ran up 7.4%, American Airlines Group Inc. AAL, 10.57% jumped 7.1%, Delta Air Lines Inc. DAL, 10.05% climbed 7.1%, Southwest Airlines Co. LUV, 10.53% rallied 7.1%, JetBlue Airways JBLU, 10.01% gained 5.6% and Spirit Airlines Inc. SAVE, 15.98% hiked up 7.3%…”