Airline stocks rally, as slew of revenue warnings come with signs of recovery

1 month ago 15

Published: Sept. 9, 2021 astatine 11:05 a.m. ET

The weakness successful August and aboriginal September was wide expected, with immoderate airlines saying it volition beryllium temporary

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A slew of airlines confirmed connected Thursday what investors person expected, that third-quarter gross would beryllium weaker than antecedently forecast arsenic the caller spike successful COVID-19 cases has reduced question plans.

While the shares of aerial carriers that issued gross warnings took an archetypal hit, they each reversed to commercialized sharply higher aft the opening bell, arsenic immoderate airlines adjacent suggested that the worst has already passed.

The...

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