Airline Stocks Rise Broadly as Brent Crude Drops Below $75 for First Time Since March

Stock News06-24 22:38

On Wednesday, Brent crude oil prices fell below the $75 per barrel mark for the first time since March, with intraday losses nearing 5%.

This decline in oil prices provided a boost to airline stocks, which saw broad gains.

JetBlue Airways Corp (JBLU) shares rose more than 4.6%, while United Airlines Holdings Inc (UAL) surged over 46%.

American Airlines Group Inc (AAL) shares gained more than 5%, and Delta Air Lines Inc (DAL) advanced over 3.6%.

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