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Why Airline Stocks Could Rise in Second Half of Year

from ETF Trends

Despite some turbulence felt by airline stocks this year, Tom Lydon of ETF Trends details why this sector could see positive improvements in the second half. The article quotes Cowen and Company’s Helane Becker, airline analyst, saying that “the outlook for the airlines continues to improve as the industry started raising fares in the domestic market and while cutting capacity.” She continued by stating that “as investors look to 2H, we expect airline shares to rise as oil prices have stabilized a bit to the $55 to $65 per barrel range.”

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