STOCKS: Airline Stocks Keep Climbing: Profits soar as carriers continue to raise fares and fees

摘要

THERE'S AN OLD WALL STREET joke about how to end up with $1 million worth of airline stocks: Start with $10 million. But over the past two years, the joke has been on investors who have stayed away from this perennially troubled industry. So far this year alone, the Dow Jones U.S. Airline index has climbed 34%. The stock of American Airlines Group (symbol AAL) has soared 54%, Southwest Airlines (LUV) has gained 51%, and Spirit Airlines (SAVE) has risen 44%.