3 Airline Stocks Enjoying Summer Travel Tailwinds

AAL, DAL, and UAL are higher today

Airline stocks are enjoying tailwinds today, after JetBlue Airways (JBLU) hiked its revenue outlook for the fiscal third quarter due to strong summer travel. Below, let’s check in with American Airlines Group Inc (NASDAQ:AAL)Delta Air Lines, Inc. (NYSE:DAL), and  United Airlines Holdings Inc (NASDAQ:UAL) to see how they are faring.

Last seen up 2.9% to trade at $10.94, AAL is bouncing back from an Aug. 5, four-year low of $9.07. The $11.50 level has acted as resistance since June, but shares are eyeing their second-straight close above the 60-day moving average. Longer term, American Airlines stock still carries a 23.6% year-over-year deficit.

DAL is up 1.5% to trade at $43.02 at last check, but is running into familiar pressure at the $44 level. The equity conquered the 40-day moving average last week and is consolidating above it, after spending the last couple of months below this trendline. For 2024, the stock sports a 7% lead. 

UAL is faring even better than its counterparts, up 3.7% to trade at $45.82 at last glance. Shares are also set to close above the 60-day moving average for the first time since June, as they recover from an Aug. 5 pullback to their lowest level since November. The security added 11.5% so far this year.

Leave a Reply

Your email address will not be published. Required fields are marked *