Barclays turns bullish on airline stocks, says Southwest can soar by 38%

A Southwest Airlines flight logo is seen as the plane taxis to a gate at Long Island MacArthur Airport in Ronkonkoma, New York on March 25, 2021.
Steve Pfost | Newsday | Getty Images

The rally for airline stocks should soon kick back into gear, and Southwest Airlines could be a winner for investors, according to Barclays.