Not quite cruising at constant altitude for the major airlines, yet. Despite terrible February seasonally (courtesy of The PPT), the airlines have been flashing signs of long-term changes in character for the better.
As examples, it is tough to argue with the price action and buy volume patterns in DAL UAL. Indeed, we have come to expect the airlines to give up any progress rather quickly over the years. Perhaps what would surprise the most would be a fresh bull run for them.
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