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LUV - Economic Recovery Could Happen Sooner Than Expected
Southwest Airlines Company
Shares of commercial air carriers flew up 11.75 percent last Tuesday on renewed hopes that a vaccine against the novel coronavirus can be developed as soon as year-end.
Dr. Anthony Fauci, the leading U.S. expert on infectious diseases, shared his outlook last Wednesday, telling CNN that “we have a good chance… that we might have a vaccine that would be deployable by the end of the year, by December and November.”
Airline stocks, as measured by the NYSE Arca Airline Index, are still down some 57 percent from their trading range soon before travel restrictions