Stock

U.S. airlines are trading up on Tuesday: find out why

The major U.S. airlines on Tuesday raised their outlooks for revenue in Q1, indicating the industry was recovering from the pandemic at a pace that’s faster than originally anticipated. Here’s what they forecast now:

Southwest Airlines Co (NYSE: LUV)

The largest U.S. airline by market cap forecasts an exciting 92% recovery in first-quarter revenue. In late January, Southwest had warned that omicron could push it back into loss in Q1.

Delta Air Lines Inc (NYSE: DAL)

CEO Ed Bastian forecasts first-quarter sales to print at 78% of the levels seen before the pandemic in 2019. The previous forecast was for 72%.

United Airlines Holdings Inc (NASDAQ: UAL)

The Chicago-headquartered air carrier expects a close to 80% recovery in Q1 sales on returning business traffic and a jump in system bookings at large.

American Airlines Group Inc (NASDAQ: AAL)

The largest U.S. airline by passengers carried expects sales to be down only 17% from 2019 levels in Q1 versus 22% it had anticipated earlier.

Significance of the revised outlook

Stocks of all four airlines are up roughly 8.0% on Tuesday. The raised guidance is particularly promising for shareholders as it suggests that the air carriers will be pass able to pass on higher jet fuel prices and other costs to the customers. U.S. jet fuel prices are still up 35% year-to-date.

The post U.S. airlines are trading up on Tuesday: find out why appeared first on Invezz.

Disclaimer: MonopolyWinnersUpdates.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 MonopolyWinnersUpdates.com. All Rights Reserved.

To Top