Fort Worth, Tex.-based American Airlines Group, Inc. (AAL) and Alaska Air Group, Inc. (ALK) in Seattle, Wash., are two popular airline operators in the United States. AAL provides scheduled air transportation services for passengers, cargo, and mail service through its hubs and partner gateways. In comparison, ALK provides passenger and cargo air transportation services, including airline and hotel reservations, conference travel, car hire, visa, online booking, cruises, airport, and risk management services.
With the continuing rapid spread of the COVID-19 omicron variant, related staffing shortages, and the imposition of travel restrictions, the airline industry has been witnessing flight cancellations since last month. However, experts expect the situation to improve in the near term considering the less harmful nature of the new coronavirus variant. Airline stocks had an excellent start to 2022 because experts predict the travel industry will witness a big rebound.
