ULCC - U.S. airline stocks fall after drab forecast from Southwest disappointing update on fares
The U.S. airline sector appears to be setting up for another rocky trading session. On the macro front, airline fares were reported to have fallen back 0.1% in July from the previous month, according to data from the U.S. Bureau of Labor Statistics. The average fare was still up 19.0% from the level a year ago when the pandemic disrupted travel across the U.S. Of even bigger importance, U.S. airlines continue to have some operational problems during the recovery period. Earlier today, Southwest Airlines warned that it may be difficult to be profitable in Q3 amid all the sector disruption. Premarket: American Airlines (NASDAQ:AAL) -0.3%, Delta Airlines (NYSE:DAL) -1.3%, Southwest Airlines (NYSE:LUV) -2.3%, United Airlines (NASDAQ:UAL) -1.0%, JetBlue (NASDAQ:JBLU) -1.7%, Hawaiian Holdings (NASDAQ:HA) -1.1%, Alaska Air Group (NYSE:ALK) -1.2%, Allegiant Travel (NASDAQ:ALGT) -0.6%, Spirit Airlines (NYSE:SAVE) -1.3%, Mesa Airlines (NASDAQ:MESA) +1.9%, SkyWest (NASDAQ:SKYW) -0.4%, Sun Country Airlines (NASDAQ:SNCY) inactive, Frontier Group
For further details see:
U.S. airline stocks fall after drab forecast from Southwest, disappointing update on fares