President Joe Biden is getting more aggressive about vaccinations, airlines are building back their schedules, and aviation stocks are on the move higher as a result.
Shares of Spirit Airlines (NYSE: SAVE) led the way on Thursday, up as much as 7%, with shares of United Airlines Holdings (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) each up 5%.
Airline investors who watched the stocks struggle through a miserable 2020 due to the pandemic are growing more excited about 2021, seemingly by the day. There appears to be pent-up demand for vacation travel. If the population is vaccinated and allowed to fly this summer, there are likely to be full flights.