Here's Why United Airlines Stock Soared Nearly 30% in September

The airline industry assuaged investor fears in the fall. Shares in United Airlines (UAL -0.69%) soared by 29.6% in September, according to data provided by S&P Global Market Intelligence. The startling rise is mainly due to a relief rally after a heavy sell-off in the stock from the spring and through the summer. What the market was worried about The airline industry is known as highly cyclical, and for good reason. The traditional cycle works like this: Airlines like United Airlines see passenger numbers ...