On Thursday, U.S. airline stocks rose broadly. Southwest Airlines gained more than 5%, Alaska Air rose 4.95%, American Airlines and JetBlue Airways climbed over 3%, and Delta Air Lines gained more than 1%.
On the news front, despite a significant rise in fuel costs, United Airlines, American Airlines, and Southwest Airlines all posted record third-quarter revenue. Airline executives said passengers continue to book tickets despite higher fares, with demand remaining strong.
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