Overall travel demand remains strong, says Ivan Feinseth. He and Chris Wang discuss the market outlook for airlines. Ivan notes that the consumer wants to spend on memories over merchandise. Chris says that airlines are typically poor performers in bear markets; however they outperformed in 2022 - rebounding off of pandemic lows. They then go over the post-covid recovery of airlines, as well as airline stocks to watch including American Airlines (AAL), Frontier (ULCC), and Southwest (LUV). Tune in to find out more about the stock market today.
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