Why Airline Stocks Are Flying High Today
Airlines are among the most discretionary sectors out there, tied closely to the health of the consumer. So, perhaps it is no surprise that the stocks are seeing an oversize reaction to reports suggesting key parties are moving to de-escalate the trade war gripping the U.S. economy.
Shares of JetBlue Airways (NASDAQ: JBLU) traded up 10% as of 10 a.m. ET, and shares of United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) were all up more than 5%.
We are only halfway through airline earnings season, but the message from the companies that have reported is clear: The industry is not seeing a dramatic fall-off from near-record demand, but executives are anticipating declines in demand should tariffs eat into the economy and cut consumer purchasing power.
Source Fool.com
Southwest Airlines Co. Aktie
Die Community zeigt leichtes Interesse an Southwest Airlines Co. mit mehr Buy- als Sell-Einschätzungen.
Mit einem Kurs von 40.96 € erreicht Southwest Airlines Co. das von der Community anvisierte Kursziel von 41 €.
