The nation's smaller, discount airlines made most of the news this week, but the industry giants went along for the ride. Shares of Delta Air Lines (NYSE: DAL) , United Airlines Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) all traded up more than 11% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence , as a wave of optimism about 2022 swept through the sector.
This week in airlines started with Monday's blockbuster announcement that Frontier Group Holdings (NASDAQ: ULCC) and Spirit Airlines (NYSE: SAVE) planned to combine in a deal valued at more than $6.6 billion. The deal would create the nation's fifth largest carrier, and long-term could mean a more formidable rival to the big three.
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Why Airline Stocks Gained Altitude This Week