Airline Stocks Are Strong Today: Here's What You Need To Know
Airline stocks were, for the most part, notably strong on Wednesday, coinciding with Cowen's Global Transportation Conference where several airliners revealed a glimpse into their monthly metrics.
Coinciding with the conference, several airline companies also released supplemental data and guidance.
3 In Focus
1. Delta Air Lines, Inc. (NYSE: DAL) expects to see its third-quarter unit revenue down 7 percent and expects an operating margin of 18 to 19 percent.
2. Southwest Airlines Co (NYSE: LUV) expects its third-quarter operating revenue per seat mile to decline 4.5 percent to 3.5 percent. The company also expects August revenue per mile to be higher year-over-year by 3.6 percent.
3. SkyWest, Inc. (NASDAQ: SKYW) expects its bottom half 2016 year-over-year earnings growth to be in the low double-digit range.
Related Link: Delta's August Load Factor Falls 2.9 Percentage Points
Stock-Specific Performances
Here is a summary of how airline stocks have been performing as of Wednesday afternoon:
Shares of Delta were trading higher by 5.16 percent at $38.72.
Shares of Southwest Airlines were trading higher by 4.25 percent at $38.52.
Shares of American Airlines Group Inc (NASDAQ: AAL) were trading higher by 5.55 percent at $39.01.
Shares of Allegiant Travel Company (NASDAQ: ALGT) were trading higher by 8.43 percent at $146.37.
Shares of United Continental Holdings Inc (NYSE: UAL) were trading higher by 5.20 percent at $53.79.
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Latest Ratings for DAL
Aug 2016 | Imperial Capital | Initiates Coverage on | In-line | |
Jul 2016 | JP Morgan | Maintains | Overweight | |
Jul 2016 | Deutsche Bank | Maintains | Buy |
View More Analyst Ratings for DAL
View the Latest Analyst Ratings
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