US airline stocks had an exceptionally strong week last week on rising hopes that summer travel would be better than originally feared
. The nation's four major airlines, which had lost between 40% and 68% of their value year-to-date through the end of May, all posted solid gains last week, including a 77% jump at industry leader American Airlines and a 19% gain at Southwest . Airline stocks were up again Monday after Bank of America raised its recommendation on two smaller airlines — JetBlue , to neutral from sell, and Alaska Air , to buy from neutral.
Not everyone is convincedAmerican Airlines also helped the sector last week by bringing back many of the flights it had grounded. It announced it would fly 55% of its normal schedule in July, a huge jump from the 20% of the schedule it is flying in June.All of the airline stocks are still down 20% or more so far this year. And not everyone is convinced it is time to get back into airline stocks.
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