: United is going supersonic, but airline stocks fall on mixed guidance and broader worries about troubled sector
United Airlines Holdings Inc. rocks the airline world Thursday with news it would bring back supersonic jets to passenger air travel, but airline stocks trade lower amid mixed guidance for American Airlines Group Inc. and lingering concerns about the industry.
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However, business travel is coming back and this could be the perfect time to buy.
Airline stocks are expected to experience massive earnings growth next year.
The airline industry appears to be recovering from a period ravaged by the coronavirus pandemic. Stock prices have recovered significantly, and earnings are set to follow. This recovery creates a perfect opportunity to invest in airline stocks as business travel resumes. We have identified a few airline stocks that you may consider buying in June.
American Airlines
American Airlines Group Inc. (NASDAQ:AAL) shares surged 4.66% on Wednesday amid excitement heading into the Summer. Analysts are optimistic that the return of business travel will be positive for airline stocks, and this is already beginning to show in the AAL stock. The company is expected to experience an earnings growth of 96.20% next year.
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WASHINGTON (Reuters) -President Joe Biden on Tuesday announced Vice President Kamala Harris will lead the administration’s efforts on voting rights as Republican state lawmakers across the country attempt to enact voting restrictions.
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The efforts by Republican-led state legislatures to pass restrictive laws, which the White House and civil rights groups say make it harder for Americans to vote, follow former President Donald Trump’s false claim that he lost the 2020 election because of widespread election fraud.
President Biden said voting rights in the United States are “under assault” with an intensity he has never seen before. “It’s simply un-American,” he said, while delivering a speech in Oklahoma during the 100th anniversary of the Tulsa race massacre. [nL2N2NJ133]
WASHINGTON (dpa-AFX) - The covid-19 vaccination program has been reaping its benefits in the country as states are slowly lifting their mask mandates and businesses are getting back into full operation.