Travel feels scary and chaotic right now—but Delta, American, and United airlines stocks are soaring today. Here’s why
Air travel is currently in a state of chaos. TSA agents are calling out of their jobs en masse; security lines are piling up; extreme weather is delaying flights; and, on March 23, President Trump ...
Source: www.fastcompany.com
Air travel is currently in a state of chaos. TSA agents are calling out of their jobs en masse; security lines are piling up; extreme weather is delaying flights; and, on March 23, President Trump deployed ICE agents to multiple major airports, causing an outcry from the public and multiple advocacy groups. Despite all of these factors, major airlines saw share prices soar this morning. As of this writing, American Airlines stock is up more than 4%, Delta is up more than 3%, United is up nearly 5%, and Southwest is up more than 4%. The surge comes in the wake of President Trump’s announcement that he will postpone a series of planned strikes against Iran—which, for airline investors, signals a potential financial reprieve for the industry after weeks of bad news. Here’s what to know about the converging headwinds in the airline industry: Why is air travel currently in turmoil? Airlines are currently facing a litany of issues that just keep piling up. Last week, a series of