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[$$] US airlines enjoy rare break from turbulence

Peter Wells in New York

A string of forecast-beating earnings from America’s leading carriers last month, alongside some optimistic commentary from executives, has driven the NYSE Arca Airline index up about 16 per cent this year, almost double the rise of the S&P 500. has rebounded this year, it is just over 25 per cent lower than it was in October and remains a tailwind for the airlines. A slowing domestic economy, rising labour costs and the threat of another government shutdown are all high on the list of risks.