Why Airline Stocks Flew Higher Today

Why Airline Stocks Flew Higher Today

On Friday, investors were digesting fresh data that suggested a "Goldilocks" economy -- not too hot, but not too cold -- is still a reasonable forecast for the quarters ahead. Airline investors are doing their best to be economic forecasters right now. The summer demand has developed as expected, but airlines have been forced to deal with unexpected headwinds including higher labor and fuel costs.