DAL - Airline investors skittish even after big holiday travel day

Airline stocks are lower even after the Transportation Security Administration screened over 1.3M passengers on Sunday to mark the most activity in the sector since the pandemic started.Despite the strong demand around the holidays, booking trends are expected to be weak for the next two months.UBS explains why there is cautious sentiment in the sector as the new year begins. "We would expect trends to pullback until the vaccines roll out in the next few months before we see a more sustained recovery beginning into March/April. Important to note is this data represents gross bookings data and does not capture cancellation activity, potentially suggesting actual trends could be slightly worse than what we are seeing. Importantly, the uptick in December trends was driven primarily by leisure travel," updates UBS. Decliners on the day include Allegiant Travel ([[ALGT]] -6.4%), Mesa Air ([[MESA]] -4.9%), Alaska Air Group ([[ALK]] -4.8%), Southwest Airlines ([[LUV]]

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Airline investors skittish even after big holiday travel day