Airline investors have been dealing with a lot of turbulence of late. After strong gains to begin 2021, the stocks have been selling off in recent days, and Tuesday was no exception. American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Delta Air Lines (NYSE: DAL) all traded off nearly 5% or more for the day as investors continue to try to figure out how quickly a post-pandemic recovery will arrive.
Airline stocks were among the big losers of 2020, with the pandemic all but wiping out demand for travel and putting the industry deep into the red. Airlines are still losing money, but a combination of government stimulus support for payrolls and strengthening demand as vaccines become more widespread has investors optimistic that the worst is now behind us.