Market Overview

Airliners Flying Higher Today

Airliners Flying Higher Today
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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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