The airline industry has experienced significant turbulence in the last two years, due to the ongoing pandemic. In the decade prior to COVID-19, airline stocks managed to deliver stellar gains to investors due to rapid economic expansion, low interest rates, depressed fuel prices, and rising GDP numbers.
Despite the reopening of economies, the emergence of new COVID-19 variants has delayed the recovery in the travel and tourism vertical. So, while the equity indices touched record highs in 2021, shares of Delta Air Lines (DAL) and United Airlines (UAL) are down about 30% and 50% down from all-time highs, respectively.
