Airline stocks have soared on news that the carriers are bringing back more flight in July
3 min read
DALLAS — Airline stocks soared Thursday after American Airlines said it will aggressively add back flights in July — a bet that the slow recovery in air travel will gain speed this summer as states re-open their economies.
United Airlines also announced plans to add back flights, while taking a more cautious approach that includes resuming about 130 nonstop routes in July that were suspended when travel collapsed as the coronavirus spread rapidly.
Both airlines will run much smaller operations than they did last summer, but they could exceed the market’s low expectations for business during the crucial peak vacation season.
American said it plans to operate 55% of the U.S. flights that it ran in July 2019, a huge increase over the 20% schedules it ran in April and…
Source news reuters.com, click here to read the full news.