Airlines struggled ahead of July Fourth weekend. Their stocks didn't
Publishing timestamp: 2023-07-04 12:10:41
Summary
The article discusses how airline stocks have reached multi-year highs despite disruptions and delays in the lead up to the July 4 holiday period. Flight disruptions, including delays and cancellations, were caused by thunderstorms and other issues. However, the high demand for air travel and strong bookings have kept airline stocks afloat. Lower fuel prices and raised profit outlooks from American Airlines and Delta Air Lines have also contributed to the positive performance of airline stocks. The article mentions that United Airlines experienced the biggest share of delays during this period and may need to reduce its schedule in Newark due to capacity limitations. Thunderstorms are particularly challenging for airlines as they can cause delays and crew workday limits. Overall, airline stocks have outperformed the broader market this year.
Sentiment: NEUTRAL
Tickers: DAL, .SPX, JBLU, AAL, UAL, LUV,
Keywords: life, breaking news: business, airlines, business, jetblue airways corp, breaking news: markets, aerospace and defense industry, business news, american airlines group inc, stock markets, markets, delta air lines inc, southwest airlines co, transportation, united airlines holdings inc, s&p 500 index, travel, united states,
Source: https://www.cnbc.com/2023/07/04/why-airline-stocks-are-up-even-as-disruptions-mount.html