The U.S. economy is showing remarkable resilience despite previous concerns of a slowdown. Recent data, including the S&P Global composite PMI, revealed encouraging signs of growth, surpassing expectations and hitting a 25-month high in May.
The airline industry, which cratered during the COVID-19 pandemic, has recovered. That recovery hit a record level recently; airlines have been the beneficiaries.
Travel is back in business. Since the latter years of the Covid-19 pandemic, travel stocks to buy have sharply rebounded, boosting earnings and share price of many companies within the sector.
Memorial Day weekend signals the unofficial start of summer for most Americans. Meanwhile, on Wall Street, investors concentrate on travel stocks to buy.
With the recent slap in the face from the U.S. Department of Transportation requiring airlines to disclose fee structure, investors might be squeamish about the airline industry as a whole. However, it's important to recognize that, no matter institutional attitudes towards a shift in legal requirements, airlines are still the lifeblood of American infrastructure.
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