Airline Stocks Rose in Morning Trading, With American Air Jumping over 5%
Tiger Newspress07-25
Airline stocks rose in morning trading.
American Air jumped over 5%; Southwest Air rose 3%; JetBlue, Alaska Air rose over 2%.
Southwest Airlines beat analysts' expectations for second-quarter profit on Thursday and said it would introduce both assigned and premium seating in its cabins, marking a significant shift away from its traditional business model.
American Airlines Group Inc. reported second quarter total operating revenue growth of 2% year-over-year to $14.334 billion, missing the consensus of $14.36 billion.
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