Airline stocks have had a rough go of it in the earnings confessional this month
Airline stocks are always in focus as summer travel season picks up, even more so with earnings season in high gear. With this volatility in mind, how are some of the heavy hitters faring after their turn in the quarterly confessional?
Delta Air Lines, Inc. (NYSE:DAL) stock is down 2.2% to trade at $44.80 at last glance, and has now shaved 16.8% off its May 13 three-year high of $53.86. The shares dropped 4% on July 11 after the company's lackluster earnings report, but support stepped up at the 200-day moving average. Year-to-date, DAL is up 11.2%.
Alaska Air Group, Inc. (NYSE:ALK) is down 7.9% to trade at $36.87, on track for its worst single-session decline since Dec. 4, dinged by the regional airliner's less-than-stellar third-quarter guidance. ALK is now down 5.6% in 2024.
Last but not least there's United Airlines Holdings Inc (NASDAQ:UAL), last seen marginally lower at $46.75, after the company's lackluster third-quarter guidance failed to impress. The shares initially traded as high as $49.67 on the results, but have since pivoted into the red. Year-to-date, United stock is up 13%.