News

New Turbulence for Airlines

Joann Muller,

The peak leisure travel season — such as it is — is almost over, and without conferences or events to woo business travelers this fall, the airline industry’s modest recovery could quickly lose altitude.

Why it matters: Investors have been snapping up airlines as bargain stocks lately — encouraged, in part, by reports of potential progress toward a coronavirus vaccine that could boost depressed air travel.

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