Airline stocks have been among the big winners so far in 2021, but Friday was not a good day for the sector. Shares of American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) all fell by about 10% in early trading before recovering somewhat as the day went on.
Leading the way downward were shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE), with each stock down more than 5% for the day. All four of these stocks are up at least 20% year to date, even with Thursday's sell-off, and Spirit is up nearly 40%. News from the White House that all American adults should have access to a vaccine in time for the summer travel season had airline stocks gaining ground yesterday.
After an awful 2020 and a rough start to 2021, things are looking up for the airline industry.