Airline stocks have continued their gaining streak in November. In fact, all airline stocks are now in the green. For November 2016, United Continental (UAL) has seen the highest gain of 24.2%, followed by Delta Air Lines (DAL), which rose 17.7%. JetBlue Airways has risen ~14.8%, followed by American Airlines (AAL), which has risen 12.9%. Both Spirit Airlines (SAVE) and Southwest Airlines (LUV) have risen 11% in the same period. Alaska Air (ALK) has risen ~8.9% in the same period and Allegiant Travels (ALGT) has only risen 4.5%.
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The S&P 500 SPDR ETF (SPY), which closely tracks the index, has risen 2.3% so far in November. Since air travel is discretionary spending, it also makes sense to compare airlines’ performance to the consumer discretionary sector, which is tracked by the Consumer Discretionary SPDR ETF (XLY). The consumer discretionary sector has also been on the losing end in September. XLY has risen almost 2.8% during the period.
After losing heavily in the first half of 2016, gains in September, October, and November have helped some airlines to record a gain for the year, while others have managed to pare down their losses.
The S&P 500 SPDR ETF (SPY), which closely tracks the index, rose 9.5% year-to-date (or YTD) on November 17, 2016. In the same period, the consumer discretionary sector has risen 5.3%.