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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 +2.06% 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 +2.78% jumped 6.6% to lead the group, and American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +2.17% 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 +2.18% rose 3.5%, and was headed for the highest close since March 4. The stocks of JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU +2.99% hiked up 3.5% and Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +2.95% 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 +1.22% has gained 9.3%.

/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 25.29
+0.51 +2.06%
Volume: 4.28M
May 13, 2021 4:00p
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 52.43
+1.42 +2.78%
Volume: 13.37M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$16.51 billion
Rev. per Employee
$206,384
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 21.21
+0.45 +2.17%
Volume: 35.24M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$13.32 billion
Rev. per Employee
$168,812
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 43.97
+0.94 +2.18%
Volume: 11.78M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$27.52 billion
Rev. per Employee
$231,014
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 18.95
+0.55 +2.99%
Volume: 5.74M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.83 billion
Rev. per Employee
N/A
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 59.93
+1.72 +2.95%
Volume: 5.56M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$34.42 billion
Rev. per Employee
$160,142
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/zigman2/quotes/210599714/realtime
US : S&P US
4,112.50
+49.46 +1.22%
Volume: 2.16B
May 13, 2021 5:03p
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