By Simon Chandler
- Aviation stocks have lost over 50% this year, proving that millennial traders were wrong to bet big on airlines.
- Millennials went crazy for airlines after they collapsed in April, assuming that they will quickly recover.
- Airline stocks may be permanently affected by the Covid-19 pandemic, so traders were wrong to assume a full recovery.
Airline stocks have lost millennials over 50% in the year to date, according to data from S&P and Bloomberg. This dramatic decline comes as internet retail industry stocks (including Amazon) have risen by over 55% across the same period.