Airline Short Bets Seem Poised for a Nosedive

They’ve earned more than $4 billion this year, but covering has begun.

(Sarah Silbiger/Bloomberg)

(Sarah Silbiger/Bloomberg)

With millions of Americans taking to the skies over the Thanksgiving holiday, a vaccine for Covid-19 — and a new president — on the way, airline stocks are starting to come out of their funk.

That could mean the end of one of the best short trades during the first year of the pandemic.

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