Now that November has rolled around, holiday travelers are already bracing themselves for nightmarish holiday
All those holiday travelers are great news for the “Big Four” U.S. airline companies: Delta Air Lines, Inc.
Benzinga took a look back at how the Big Four airline stocks have performed from November 16 through January 15 in each of the past eight years.
As it turns out, airline investors have had mostly happy holidays since 2008. While the SPDR S&P 500 ETF Trust
The top holiday performer in the past eight years has been Delta, which has averaged an impressive 20.8 percent two-month gain. Delta has delivered gains of at least 39 percent during three of the past eight holiday travel seasons.
Of course, the past isn’t always predictive of the future. Last year, airline investors got burned when the Big Four delivered an average two-month return of -12.7 percent. It was only the second time that airline stocks were down overall during the holiday season in the past eight years.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.