People Vs Parcel Transporters

In early November, the ‘people-movers’ got a boost from the Pfizer (PFE) announcement regarding preliminary results of its COVID vaccine, but throughout the winter, there was still little leadership among either group. It wasn’t until February of this year when vaccine rollouts picked up steam and fatigue from a winter of remaining stuck at home, that Americans finally really started to start going out again providing a huge boost for the ‘people-movers’.More recently, though, even as Americans are more optimistic than ever about moving around heading into the Summer, the ‘people-mover’ stocks have stalled out relative to the parcel movers which continue to rally. Whether this is just a period of consolidation following a big rally or something else remains to be seen, but it’s noteworthy that even as passenger air traffic continues to pick up and more airlines recall staff, the transports most leveraged to travel are at the same level they were at in late February. 

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