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Feb. 19, 2021, 1:48 p.m. EST

Airline stock enjoy broad gains, with Jets ETF rallying to pre-COVID-19 pandemic levels

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By Tomi Kilgore

Airline stocks enjoyed broad gains Friday, with the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -1.36% rallying to levels not seen since before COVID-19 was declared a pandemic, amid hopes that the recovery could be stronger than anticipated. The Jets ETF surged 2.9% in afternoon trading toward the highest close since Feb. 27. Among the more-active airline stocks, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -1.52% jumped 6.6% to lead the group, and American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL -2.07% was next with a 5.1% rally toward the highest close since June 8. Delta Air Lines Inc.'s stock /zigman2/quotes/200327741/composite DAL -1.75% rose 3.5%, and was headed for the highest close since March 4. The stocks of JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU -0.99% hiked up 3.5% and Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -0.99% advanced 2.4%, with both headed for the highest closes since late February. The World Health Organization had declared COVID-19 a pandemic on March 11. Separately, shares of travel services software and technology company, which supports airline operations, soared 14.4% toward a one-year high, after Deutsche Bank analyst Ashish Sabadra turned bullish. Among reasons for his upgrade, "the pent-up demand for travel could potentially drive faster recovery than prior recessions." The Jets ETF has has run up 18.1% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.46% has gained 9.3%.

/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 26.08
-0.36 -1.36%
Volume: 1.07M
April 19, 2021 11:08a
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 55.02
-0.85 -1.52%
Volume: 5.10M
April 19, 2021 11:10a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.16 billion
Rev. per Employee
$206,384
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 21.58
-0.46 -2.07%
Volume: 10.95M
April 19, 2021 11:10a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.16 billion
Rev. per Employee
$168,812
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 45.82
-0.82 -1.75%
Volume: 3.96M
April 19, 2021 11:10a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$29.88 billion
Rev. per Employee
$231,014
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 20.10
-0.20 -0.99%
Volume: 2.25M
April 19, 2021 11:10a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.54 billion
Rev. per Employee
N/A
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 61.77
-0.62 -0.99%
Volume: 1.60M
April 19, 2021 11:10a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$37.22 billion
Rev. per Employee
$160,142
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/zigman2/quotes/210599714/realtime
US : S&P US
4,166.35
-19.12 -0.46%
Volume: 582.06M
April 19, 2021 11:10a
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