Airline stocks hit hard by United's dour profit outlook

Shares of airline operators were broadly lower Wednesday, as United Airlines Holdings Inc.’s warning of a profit miss because of the Israel-Hamas war cast a pall on sentiment.

A run-up in crude oil prices CL.1, +0.70%, which stoked concerns over rising fuel costs, also raised investor concerns. Delta Air Lines Inc. DAL, +0.76% was next at 1.2% and American Airlines Group Inc. AAL, was at 0.4%. Meanwhile, Delta’s stock slumped 1.3% in Wednesday’s premarket and American shares shed 1.4%.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airline Stocks Like United and Delta Look Like BargainsHigher oil prices has hobbled airline stocks, and earnings estimates for the sector. A bottom may have formed.
Source: MarketWatch - 🏆 3. / 97 Read more »

This is how JPMorgan's massive income ETF can again pull ahead of the stock marketThe JPMorgan Equity Premium Income ETF (JEPI) has held up better than the S&P 500 over the past three months.
Source: CNBC - 🏆 12. / 72 Read more »

US Stocks Continue to Lead Global Assets in 2023Stocks Analysis by James Picerno covering: Vanguard Total Stock Market Index Fund ETF Shares, SPDR® Bloomberg High Yield Bond ETF, Vanguard FTSE Developed Markets Index Fund ETF Shares. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »