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Airline stocks take off as COVID-19 restrictions ease, more travelers fly
Shares of airlines took flight Tuesday, amid growing investor optimism over the easing of COVID-19 related lockdown restrictions and as government data showed a continued increase in air travelers. (www.marketwatch.com) Mehr...Sort type: [Top] [Newest]
Warren Buffet lost his shirt on the airlines and has since divested of all his stock in them. He knows the baby boomers won't return to flying anytime soon, ZOOM will replace some flyers and young people on vacation can't afford to get stuck somewhere in a fourteen day quarantine.
Warren Buffet only bought into the airline industry a few years ago and just lost a bundle when he dumped it all. I bought a lot of stock some years before Warren and again recently. I am still way better off than Warren Buffet ever was. It pays to know the company and stock you buy. I fly Southwest airlines and they are the only airline stock I own.
traders, not investors
Sometimes share prices plummet, then bottom-feeders and bargain-hunters scoop up shares for cheap, driving up the price. But the bad fundamentals and poor financial outlook for the company haven’t changed, so the share price drops again. Wall Street calls this a dead cat bounce. That could be happening here. Investing in airline stocks is not for the faint-of-heart.
Ive noticed that passenger volumes have increased in the last 6 weeks.
April 15 average passengers on 737 was 12
May 5 average passengers on 737 was 35
May 27 passenger load was all full except for middle seats which would equate for 80-90 passenger on SWA 737
April 15 average passengers on 737 was 12
May 5 average passengers on 737 was 35
May 27 passenger load was all full except for middle seats which would equate for 80-90 passenger on SWA 737
This is certainly good news, but I am not sure it is a Good enough news!