“U.S. Airline Stocks Rally Ahead of a Pickup in Summer Travel”
June 5, 2020
“American Airlines jumped as much as 36%, adding to a record 41% gain on Thursday after an executive touted a bullish outlook for consumers returning to the skies. Its five-day winning streak is on track to be the longest since January… United Airlines Holdings Inc. which presented a more tempered outlook than rival American surged 25% and is having five-session run of its own.
Spirit Airlines Inc. and JetBlue Airways Corp. also rallied on Friday trading in New York and are poised to add to yesterday’s 21% and 16% respective gains…
About 35% of American shares available for trading are currently sold short with the $2.4 billion in bets against the company among the largest for airline peers, data from financial analytics firm S3 Partners show. Bearish bets in Spirit make up 40% of the float while United’s is a more tame 12%…”
https://finance.yahoo.com/news/u-airline-stocks-rally-ahead-131715358.html