The stocks of a number of airlines were up on Friday morning with US aviation stocks performing particularly well. The movement suggests that confidence might be returning to the sector after it was devastated by the impact of the Covid-19 pandemic.
Spirit Airlines gained 5.08%, while American Airlines was up 4.54%. United Airlines and JetBlue Airways were up 3.50% and 3.07%, respectively. Delta Air Lines also saw 2.12% jump.
European airlines had a bumper week last week after Aer Lingus and British Airways owner IAG, EasyJet and Wizz Air gained 10% in London. Today, the stocks of Ryanair and EasyJet were up 1.78% and 0.13%, respectively. The figures do not match the highs of last week across Europe, but analysts said the overall trend is a more positive one.
Sector recovery
“Airline stocks soaring is a sign of confidence in the sector, thanks to the easing of travel restrictions and the UK’s population being significantly boostered, as well as falling case numbers,…