Market Overview

Airliners Flying Higher Today

Airliners Flying Higher Today
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The Recent Pullback In Airline Stocks Doesn't Scare This Bull

Airline stocks are moving higher Tuesday due to weak crude oil futures. The outlook of the industry remains favorable with oil prices staying relatively low, and the industry as a whole is moving higher as a result.

A new executive hire was also revealed, as United Continental Holdings Inc (NYSE: UAL) hired Scott Kirby, former President of American Airlines.

Related Link: United Airlines' New President Hire Is An 'Overwhelming Positive' Says Credit Suisse

Here's a look at how some major airline stock are moving:

  • United Continental - up 9 percent at $51.18
  • Delta Airlines, Inc. (NYSE: DAL) - up 2.5 percent at $37.47
  • Southwest Airlines Co (NYSE: LUV) - up 2.3 percent at $37.29
  • Alaska Air Group, Inc. (NYSE: ALK) -  up 1.8 percent at $68.23
  • Hawaiian Holdings, Inc. (NASDAQ: HA) - up 2.4 percent at $46.93
  • American Airlines Group Inc (NASDAQ: AAL) - up 3 percent at $37.29
  • JetBlue Airways Corporation (NASDAQ: JBLU) - up 2.6 percent at $16.16

Airbus Delivers First A320 NEO

Airbus Group also announced it has delivered its first Airbus A320 NEO to South American airline provider LATAM Airlines Group SA (NYSE: LFL). The new plane is expected to be welcomed addition to the industry because it's a smaller plane with better fuel efficiency and longer range. This allows companies to open up new routes that weren't necessarily feasible in the past.

Posted-In: News Management Intraday Update Movers Best of Benzinga


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