A passenger aircraft of the airline American Airlines is in a climb shortly after takeoff at Frankfurt Airport.
Silas Stein | picture alliance via Getty Images
Airline stocks are headed for their biggest weekly gains ever on hopes of a rebound in the U.S. economy and air travel demand.
The NYSE Arca Airline Index, which tracks 16 airlines, mostly in the U.S., is up nearly 50% this week — its biggest weekly percentage gain ever.
Airlines this week detailed planes for increased summer flying to cater to passengers traveling again as the peak vacation season gets underway and states start lifting shelter-in-place and other measures aimed at curbing the spread of Covid-19.