Why Shares of American Airlines Flew Higher on Monday

Why Shares of American Airlines Flew Higher on Monday

Airline shares soared higher on Monday on another positive development in the race to produce a COVID-19 vaccine, and on data indicating a strong weekend for travel. American Airlines Group (NASDAQ: AAL) led the sector higher, closing up 8.2% for the day. Airlines have been hard hit by the pandemic, which has caused travel demand to plummet.