|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||30.32 - 32.28|
|52 Week Range||17.80 - 95.16|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 13, 2020 - Oct 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 07, 2008|
|1y Target Est||41.53|
Airline stocks turned mostly higher Monday, after U.S. Transportation Security Administration (TSA) showed that travel demand rebounded, to snap a two-week pullback. The U.S. Global Jets ETF rose 0.8% in afternoon trading, reversing an earlier loss of as much as 1.8%. Among the more active air carriers, shares of American Airlines Group Inc. rose 0.1%, United Airliens Holdings Inc. climbed 2.0%, Delta Air Lines Inc. advanced 1.5%, Spirit Airlines Inc. slipped 1.9%, JetBlue Airways Corp. lost 2.5% and Southwest Airlines Co. tacked on 2.6%. The daily average number of travelers going through TSA checkpoints for the week ended Sunday was 686,360, according to a MarketWatch analysis of TSA data, up from 660,931 for the week ended July 26, which was down from 664,022 for the week ended July 19. Before that, the daily average had increased for 12 straight weeks since bottoming at 97,799 for the week ended April 19. And on Sunday alone, 799,681 travelers went through TSA checkpoints, the most in one day since March 17, which was soon after the COVID-19 pandemic-related lockdowns began. The Jets ETF has tumbled 50.6% year to date, while the S&P 500 has edged up 2.2%.
The impact of coronavirus on airlines' Q2 earnings was greater than that in Q1.
Just a few months after the coronavirus stock market crash, the Nasdaq composite climbed to record highs as the market made a historic recovery. While the pandemic has benefited tech companies with new consumer trends in the work-from-home and e-commerce space, stocks from "real economy" industries including travel, energy and traditional retail have been struggling to make meaningful gains. IBD News Editor Ed Carson talks about the divergence between real economy and new economy stocks.