Airline Stocks Take Another Tumble
As COVID cases surge across the US, vacationers have started to rethink their travel plans.
In the past month, the virus has spread rapidly across the country growing from 2 million to over 3.1 million cases. Major US airlines, including American AAL, United UAL, and Delta DAL, have lost between 28% and 43% of their value over the past 30 days. American Airlines (AAL) led the pack down, and Delta (DAL) was the relative outperformer.
Have airlines hit their bottom, or is there still pain ahead?
A lot of risk remains for the commercial airline industry. I’m not about to grab any of these falling knives quite yet. Q2 earnings will dictate my attitude towards airline stocks.
I will consider jumping in if we see another share price dip from the upcoming earnings. If Delta (DAL) shares dip below $20 per share again, I will be a buyer.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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