Thanksgiving Could Be The Busiest Air Travel Since The Recession - American Airlines Gr (NASDAQ:AAL), Delta Air Lines (NYSE:DAL)

Airline stocks have for the most part outperformed broader indices over the past year on strong demand and fuel savings.
Airlines for America, an airlines association, said on Thursday that Thanksgiving travel on US airlines will surpass last year.
The association added that travel during the upcoming holiday will be the busiest the industry has seen since 2008.

Investing in US airliners has for the most part offered investors a return superior to the broader indices. For example, shares of

Delta Air Lines, Inc.DAL

gained nearly 20 percent from a year ago,

United Continent Holdings IncUAL

shares have gained nearly 10 percent, and

American Airlines Group IncAAL

gained more than five percent. During the same 52-week period, the

SPDR S&P 500 ETF Trust

SPY

returned just 2.72 percent. Airline operators benefited from operational improvements, continued growth in demand, lower oil costs, among other factors. The sector's momentum is expected to continue through Thanksgiving as US carriers are projected to fly 25.3 million passengers worldwide from November 20 through December 1, according to Airlines for America. Reuters

reported that Airlines for America, an airlines association, said its projection for the Thanksgiving period would mark a three percent increase in travel from a year ago. The group added that airlines are currently adding capacity to satisfy the spike in demand. "As competition continues to boost schedules and drive down airfares in 2015, customers are seeing more opportunities to fly during the holiday season," John Heimlich, the group's chief economist

noted in a press release

. The group is also expecting the 12-day Thanksgiving travel period to be at the highest level since the Great Recession. Airlines for America also pointed out that the 10 publicly traded US airliners earned $17.9 as a whole during the first nine months of 2015. The sector reported a 36 percent decline in fuel costs which more than offset flat operating revenues.

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