MESA - Airline sector roundup: Delta warns on fuel costs Southwest normalizes fares track lower

U.S. airline fares fell for the third straight month even as overall inflation rose in September (+0.4% M/M, +5.4% Y/Y). The average fare was down 6.4% M/M in September on a seasonally-adjusted basis to follow on a 9.1% decline in August and 0.1% dip in July. The biggest sector news on the day so far are the warning from Delta Air Lines (NYSE:DAL) on the impact of higher fuel prices on profit and Southwest Airlines (NYSE:LUV) showing only 1% of its flights cancelled on the day in a return to normalcy. Airline stocks are mostly slightly lower in premarket action. American Airlines (NASDAQ:AAL), Delta Airlines (DAL), Southwest Airlines (LUV), United Airlines (NASDAQ:UAL), JetBlue (NASDAQ:JBLU), Hawaiian Holdings (NASDAQ:HA), Alaska Air Group (NYSE:ALK), Allegiant Travel (NASDAQ:ALGT), Spirit Airlines (NYSE:SAVE), Mesa Airlines (NASDAQ:MESA), SkyWest (NASDAQ:SKYW), Sun Country Airlines (NASDAQ:SNCY), Frontier Group (NASDAQ:ULCC). What to watch: American Airlines reports earnings next week in a highly-anticipated

For further details see:

Airline sector roundup: Delta warns on fuel costs, Southwest normalizes, fares track lower