[Featured Stocks] Airline Stocks Rise on Expectations of Travel Normalization
[Asia Economy Reporter Minji Lee] Airline stocks are showing strength amid expectations of travel normalization.
At 9:16 AM on the 16th, T'way Air traded at 2,960 KRW, up 5.90% from the previous trading day. Hanjin KAL recorded a 5.08% increase to 62,100 KRW, while Asiana Airlines (3.99%), Jin Air (3.34%), and Jeju Air (3.14%) also showed upward trends.
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On the 15th (local time), airline stocks surged on the New York Stock Exchange. American Airlines and United Airlines rose sharply by 7% and 8%, respectively. This is attributed to a significant increase in travel demand as COVID-19 vaccinations expand.
This content was produced with the assistance of AI translation services.
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