US airline stocks set for best month in 2 years on summer rush, lower fuel prices

U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season.

The rebound in travel spending after the pandemic has held up despite rising inflation and signs of a slowing economy, with the number of Americans traveling by air for the Fourth of July holiday expected to surpass previous record from four years ago.