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Zenger
Zenger
Business
Joel Elconin

Airline Stocks Are Rallying In 2023, Even With Travel Chaos: What Happens Next?

Delta Ed Bastian American Airlines Delta Air Lines
Statistics on airline stocks between October 2022 and January 2023. For now, the consumer is still spending, especially on travel, and the economy has not fallen into the abyss, as many have been predicting. PIXABAY/BENZINGA
American Airlines airplanes sit on the tarmac at LaGuardia airport in New York on January 11, 2023. – The US Federal Aviation Authority said Wednesday that normal flight operations “are resuming gradually” across the country following an overnight systems outage that grounded departures. ED JONES/BENZINGA

So far, 2023 is getting off to good start for investors. Of course, the release of the December Consumer Price Index on Thursday morning for the fourth quarter. American Airlines, which reports earnings Jan. 26, cited strong demand and high fares for the hike in estimates.

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