Before the Bell Scans: Delta Air Lines, Spirit Airlines, Southwest Airlines, and JetBlue Airways Editor Note: For more information about this release, please scroll to bottom
LONDON, June 18, 2013 /PRNewswire/ --
The International Air Transport Association (IATA) in a recent report said that airline financial performance is continuing to improve gradually despite difficult conditions. IATA also raised its industry profit outlook for 2013, citing further evidence that structural changes have taken place which has improved the ability of airlines to generate profits given the economic conditions. In the U.S., the airline industry is expected to benefit from consolidation. The industry is also expected to benefit from lower oil prices. An improvement in the U.S. economic environment is another positive for the industry. On Monday, June 17, 2013, shares in major and regional U.S. airlines ended mostly higher, tracking gains in the broader market. The major movers in the sector included Delta Air Lines Inc. (NYSE: DAL), Spirit Airlines Incorporated (NASDAQ: SAVE), Southwest Airlines Co. (NYSE: LUV), and JetBlue Airways Corporation (NASDAQ: JBLU). All these companies are tracked by AAAResearchReports.com. Free technical research on DAL, SAVE, LUV, and JBLU can be downloaded upon sign up at
Shares in Delta Air Lines Inc. ended slightly lower on Monday even as the broader market posted significant gains. The Company's shares traded between $18.59 and $19.05 before finishing the day 0.16% lower at $18.82. A total of 8.83 million shares were traded which is well below the daily average volume of 11.24 million. However, despite the pullback yesterday, the Company's shares have gained over 4.10% in the last three sessions. Since the start of this year, the stock has grown by over 63.60%, thus outperforming the S&P 500. Its shares are currently trading 3.24% below their 52-week high. Sign up today to read free research report on DAL at:
Spirit Airlines Incorporated's stock rose sharply yesterday, extending its gains from previous trading sessions. The Company's shares hit an intraday high of $32.65 before finishing the day 1.40% higher at $32.57. It also saw a total of 372,360 shares traded which is below the daily average volume of 574,342. The Company's shares have now climbed over 3.50% in the last three sessions, and the stock is currently trading near its 52-week high of $32.66. So far this year, Spirit Airlines' shares have gained 84.22%, thus outperforming the S&P 500. Register to download free technical analysis on SAVE at:
Shares in Southwest Airlines Co. ended slightly lower on Monday, ending the day at $13.78, or down 0.65% from its previous closing price. The Company's shares traded between $13.66 and $13.94 yesterday with a total of 7.91 million shares traded which is in-line with the daily average volume. The stock is currently trading near its 52-week high of $14.56. Southwest Airlines shares are trading above their 50-day and 200-day moving averages. So far this year, the stock has rallied by 35.63%, thus outperforming the S&P 500. A free report on LUV can be accessed by registering at:
JetBlue Airways Corporation's stock moved higher yesterday, tracking gains in the broader market. The Company's shares traded between $6.25 and $6.37 before closing the day 0.32% higher at $6.31. A total of 2.03 million shares were traded which is well below the daily average volume of 3.72 million. However, despite the gains on Monday, JetBlue's shares are still down nearly 1% in the last three sessions. So far this year, the stock has grown over 13.00%, thus underperforming the S&P 500. Register with AAA Research Reports and download the research on JBLU for free at:
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