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US Airlines Jumped on J.P. Morgan’s Ticket Fare Hike Comments

Anirudha Bhagat
US Airlines Jumped on J.P. Morgan’s Ticket Fare Hike Comments

US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.