Airline stocks rise as United kicks off busy earnings week
Publishing timestamp: 2024-01-23 16:18:21
Summary
Shares of United, American, Southwest, and Alaska rose after positive earnings reports. United CEO Scott Kirby stated that the airline is seeing an increase in business travel in 2024. United reported higher-than-expected earnings and revenue for the fourth quarter and hit its full-year adjusted earnings target. Other airlines, including American, Southwest, and Alaska, are set to release their quarterly updates. United forecasted a first-quarter loss due to the grounding of Boeing 737 Max 9 planes but remains optimistic about the increase in business travel. Shares of Spirit Airlines, which recently had its planned merger with JetBlue blocked, also rose.
Sentiment: POSITIVE
Tickers: JBLU, ALK, UAL, LUV, BA, SAVE, AAL, DAL,
Keywords: transportation, southwest airlines co, stock markets, breaking news: markets, scott kirby, american airlines group inc, boeing co, jetblue airways corp, business, business news, alaska air group inc, united airlines holdings inc, spirit airlines inc, delta air lines inc, airlines, earnings, markets, breaking news: business,
Source: https://www.cnbc.com/2024/01/23/airline-stocks-rise-as-united-kicks-off-busy-earnings-week.html