Why Airlines and the Companies That Serve Them Are Flying High Today
U.S. aviation regulators are forecasting that air travel over the upcoming Memorial Day weekend will match pre-pandemic levels, an indication that the summer travel season will get off to a busy start. Several airlines and related companies are taking off on the news, with shares of Delta Air Lines (NYSE: DAL) and Hawaiian Holdings (NASDAQ: HA) up more than 6% and 9% and travel software stock Sabre (NASDAQ: SABR) up 10%. The Federal Aviation Administration expects the summer travel season to get off to a strong start.