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. Stock
Our community is currently high on Southwest Airlines Co. with 16 Buy predictions and 11 Sell predictions.
As a result the target price of 37 € shows a slightly positive potential of 10.32% compared to the current price of 33.54 € for Southwest Airlines Co..
