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Why Airline Shares Are Higher Today

Why Airline Shares Are Higher Today

On Wednesday a number of airlines received cash promised to them as part of the original CARES Act stimulus plan, and lawmakers again expressed hope that a new deal could be complete in the days to come. The COVID-19 pandemic has hit airlines hard, but for all the issues the industry faces, we've still had no layoffs and no U.S. airline bankruptcy filings. The hope at the time was that by fall the worst of the pandemic would be behind us and life, including travel demand, would be returning to normal.