183 days ago • Posted by Charles-Henry Monchau

Airline and cruise stocks rally as Pfizer drug progress spurs hope for travel-industry recovery

Travel stocks surged on Monday as Pfizer's rosy vaccine announcement renewed bullishness toward the slammed industry. Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all gained more than 30% in the rally. United Airlines surged as much as 27%, while Delta Air Lines and American Airlines climbed 23% and 26%, respectively, at intraday highs. Strategists have long viewed a viable coronavirus vaccine as a silver bullet for ending the pandemic and bringing travel activity back to pre-coronavirus levels. - Source: Markets Insiders 

Airline and cruise stocks rally