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airlines industry stock groupInvestor's Business Daily
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83% Informative
Airline stocks led the travel industry on a three-month romp into December that closed out five years of pandemic gyrations.
Air travel and cruise bookings rebounded above pre-Covid highs.
Some of the fastest-moving airline stocks, led by United Airlines ( UAL ), Allegiant (ALGT) and American Airlines ( AAL ) are just off record highs.
Expedia, Booking Holdings and Trip.com all beat analyst estimates for recent quarters .
Cruise lines continue to smash booking and revenue records at sea.
Cruise line revenue for the third quarter hit an all-time high of nearly $8 billion , surpassing last year's record level by $1 billion .
For years , low- and ultra-low-cost carriers outpaced legacy airlines because of their unbundled pricing strategies.
But airlines like United and Delta have since found ways to unbundle their own pricing.
Spirit Airlines filed for Chapter 11 bankruptcy in November .
Southwest Airlines is seen turning from EPS declines to accelerating growth in December .
VR Score
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95
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