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.
Airline stocks soared in morning trading. American Airlines jumped 23%, United Airlines was trading more than 15% higher and Delta Air Lines was up 8%.