Airline stocks soar as American, United add back flights

5 Jun 2020 23:35:01

Airline stocks took off in Thursday's trading session after American Airlines said it will aggressively add back flights in July.

It is among the signs that the slow recovery in air travel will gain speed this summer as states re-open their economies.

United Airlines also announced plans to add back flights, saying it will resume about 130 nonstop routes in July that were suspended when travel collapsed as the coronavirus spread rapidly.

American said it plans to operate 55 percent of the U.S. flights that it ran in July 2019. The airline only operated 20 percent of its schedule in April and May.

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