Why Airline Stocks Are Gaining Altitude Today

Stocks are flying high on Wednesday on investor hopes that inflation is moderating, lessening the risk the Federal Reserve will have to act aggressively and end up pushing the economy into a recession. Airlines, a sector that typically underperforms broader markets during a recession, are doing better than most, with shares of American Airlines Group (NASDAQ: AAL), JetBlue Airways (NASDAQ: JBLU), and United Airlines Holdings (NASDAQ: UAL) all up as much as 5% in afternoon trading. Airline investors have flown through a lot of turbulence over the past few years.