Shares of airline companies traded broadly higher Thursday, after Delta Air Lines Inc. beat first-quarter revenue expectations and provided a “strong outlook” for the current quarter. The U.S. Global Jets exchange-traded fund JETS rose 0.8% in premarket trading, as Delta’s stock DAL jumped 2.5%. Among the more active shares of other U.S.-based carriers, American Airlines Group Inc. AAL gained 2.9%, United Airlines Holdings Inc. UAL hiked up 2.6%, JetBlue Airways Corp.
rallied 1.7% and Alaska Air Group Inc. ALK advanced 3.5%, while Southwest Airlines Co.’s stock LUV was an outlier as it slipped 0.1%. Meanwhile, futures... Shares of airline companies traded broadly higher Thursday, after Delta Air Lines Inc. beat first-quarter revenue expectations and provided a “strong outlook” for the current quarter. The U.S. Global Jets exchange-traded fund JETS rose 0.8% in premarket trading, as Delta’s stock DAL jumped 2.5%. Among the more active shares of other U.S.
rallied 1.7% and Alaska Air Group Inc. ALK advanced 3.5%, while Southwest Airlines Co.’s stock LUV was an outlier as it slipped 0.1%. Meanwhile, futures ES00 for the S&P 500 SPX inched lower by less than 0.1%.
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Airline stocks shares fall on American's so-so 1Q outlookShares of airlines are falling after American issued a lackluster first-quarter outlook and said profit could be below Wall Street expectations. American said Wednesday that it expects to earn between a penny and 5 cents per share for the quarter that just ended. That leaves room for American to fall short of analysts' prediction that the airline would earn 5 cents per share. American indicates that demand for travel remains strong despite inflation and economic uncertainty, which is helping airlines charge higher fares. But they also face rising costs for labor and jet fuel. That’s what happens with inflation making prices jump way up.
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Airline stocks shares fall on American’s so-so 1Q outlookAirline stocks tumbled Wednesday after American Airlines issued a lackluster outlook that appeared to amplify fears that travel demand, which has surged for the past year, could finally be slowing in the face of inflation and economic uncertainty.
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Airline stocks shares fall on American's so-so 1Q outlookAirline stocks tumbled Wednesday after American Airlines issued an outlook that appeared to amplify fears that travel demand could finally be slowing down.
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As bookings slow, airline earnings will be all about hopes for peak summer travelU.S. airline stocks were higher ahead of first-quarter earnings, with investors hoping for good news about peak summer travel amid a recent slowdown in...
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