Why Airline Shares Are Taking Off Again Today

Airlines and other sectors that were beaten down as the virus spread last year are in rally mode, with shares of Mesa Air Group (NASDAQ: MESA) up 15%, and shares of United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) all up more than 5% apiece. Airline stocks were among the hardest hit in the early days of the pandemic, with lockdowns and quarantines all but wiping out demand for travel.