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Airline Stocks Cleared For Takeoff In 2024, But Economic And Consumer Confidence Clouds Gather

Benzinga ·  Jan 11 01:26

Cruise operators were the good news travel stocks of 2023 as holidaymakers put to rest the hardships of the Covid pandemic and climbed back aboard. Now in early 2024, it appears the airline stocks are here to join them.

Among the best performing stocks this week areAmerican Airlines(NASDAQ:AAL), up 11% over the past week,United Airlines(NASDAQ:UAL), with weekly gains of 10.1%,Delta AirLines (NYSE:DAL), climbing 9.2% andSouthwest Airlines(NYSE:LUV) up 7.4%.

All four make up the biggest holdings in theU.S. Global Jets ETF (NYSE:JETS), an exchange traded fund that tracks the industry, and has...

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