Coinciding with the conference, several airline companies also released supplemental data and guidance.
3 In Focus
1. Delta Air Lines, Inc. DAL expects to see its third-quarter unit revenue down 7 percent and expects an operating margin of 18 to 19 percent.
2. Southwest Airlines Co LUV expects its third-quarter operating revenue per seat mile to decline 4.5 percent to 3.5 percent. The company also expects August revenue per mile to be higher year-over-year by 3.6 percent.
3. SkyWest, Inc. SKYW expects its bottom half 2016 year-over-year earnings growth to be in the low double-digit range.
Stock-Specific Performances
Here is a summary of how airline stocks have been performing as of Wednesday afternoon:
- Shares of Delta were trading higher by 5.16 percent at $38.72.
- Shares of Southwest Airlines were trading higher by 4.25 percent at $38.52.
- Shares of American Airlines Group Inc AAL were trading higher by 5.55 percent at $39.01.
- Shares of Allegiant Travel Company ALGT were trading higher by 8.43 percent at $146.37.
- Shares of United Continental Holdings Inc UAL were trading higher by 5.20 percent at $53.79.
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