Airline stocks received a boost Thursday after American Airlines Group Inc., Southwest Airlines Co. and United Continental Holdings Inc. all reported increase in April traffic. The gains in April came as a welcome sign after severe winter weather slowed traffic in previous months. Last month, Deutsche Bank analyst Michael Linenberg forecasted U.S. airlines to post earnings of $397.0 million in the “seasonally challenged” first quarter, a major improvement from the net loss of $65.0 million posted in the year ago quarter. Here is how some airline stocks reacted Thursday:
American Airlines Group Inc. (NASDAQ: AAL) shares traded in the range of $37.05 to $38.25 Thursday before settling to close at $38.25, an increase of 2.77 percent. The stock appears to have some support at the $36.54, $33.37 and $28.00 levels. Shares of American Airlines Group have gained approximately 51.0 percent year-to-date.
More information on American Airlines Group and access to the free equity report can be found at:
JetBlue Airways Corporation (NASDAQ: JBLU) shares traded in the range of $8.23 to $8.41 Thursday before settling to close at $8.30, an increase of 0.18 percent. The stock appears to be facing some resistance at the $8.51 and $8.62 levels with some support at $8.29 and $7.63. Shares of JetBlue Airways have fallen approximately 3.0 percent year-to-date.
More information on JetBlue Airways and access to the free equity report can be found at:
Southwest Airlines Co. (NYSE: LUV) shares traded in the range of $24.09 to $24.63 Thursday before settling to close at $24.46, an increase of 1.07 percent. The stock appears to be facing some resistance at $25.51 with some support at the $24.20 and $23.67 levels. Shares of Southwest Airlines have gained approximately 30.0 percent year-to-date.
More information on Southwest Airlines and access to the free equity report can be found at:
United Continental Holdings Inc. (NYSE: UAL) shares traded in the range of $39.71 to $41.47 Thursday before settling to close at $40.37, an increase of 1.18 percent. The stock appears to be facing some resistance at the $40.40 and $41.16 levels with some support at $39.84 and $39.20. Shares of United Continental Holdings have gained approximately 7.0 percent year-to-date.
More information on United Continental Holdings and access to the free equity report can be found at:
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