This Chart Shows Why Millennials Were Wrong to Bet on Airline Stocks

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.

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