Buy Airline Stocks. A ‘Golden Age’ of Travel Is Coming.

SectorFinancial Markets
CountryMiddle east

Text size If you think you’ve missed the Great Airline Recovery, Wall Street would like you to think again. Several analysts have come out with bullish views on the sector, arguing the stocks still have upside, despite gains of about 30% this year and a 91% surge over the last six months. Sure, the sector isn’t cheap anymore. But vaccine rollouts and a winding down of the pandemic are stimulating demand. While still urging caution, the Centers for Disease Control and Prevention now says that fully vaccinated people can fly at “low risk.” Wall Street, meanwhile, is expecting air traffic in 2022 to exceed 2019 levels, fueling more gains for a sector that has been one of the biggest winners in the so-called reopening trade. “A Roaring 20s/Swinging 60s-like macro environment can drive traffic significantly higher than a 2019 baseline level, in a bull case,” writes more...