According to Airlines for America (A4A), the U.S. Airline Industry posted a profit of $11.3 billion, 7.8 percent of revenue, in 2013. Airlines benefitted from a 3.6 percent drop in fuel costs. The group predicts U.S. airlines to see approximately 129.5 million passengers during the March-April period, which is a highest in six years. "We attribute the increase in spring air travel to rising U.S. household net worth, an improving economy and the affordability of air travel, which remains one of the best bargains for consumers," said John Heimlich, vice president and chief economist for A4A.
American Airlines Group Inc. (NASDAQ: AAL) shares traded in the range of $36.86 to $38.20 Tuesday before settling to close at $37.90, an increase of 2.99 percent. The stock appears to be facing some resistance at $43.03 with some support at the $37.18 and $29.42 levels. Shares of American Airlines Group have gained approximately 50.0 percent year-to-date.
More information on American Airlines Group and access to the free equity report can be found at:
Delta Air Lines, Inc. (NYSE: DAL) shares traded in the range of $33.46 to $34.51 Tuesday before settling to close at $34.43, an increase of 3.33 percent. The stock appears to be facing some resistance at the $35.76 and $36.92 levels with some support at $33.16 and $31.76. Shares of Delta Air Lines have gained approximately 25.0 percent year-to-date.
More information on Delta Air Lines and access to the free equity report can be found at:
JetBlue Airways Corporation (NASDAQ: JBLU) shares traded in the range of $8.49 to $8.70 Tuesday before settling to close at $8.54, an increase of 0.12 percent. The stock appears to be facing some resistance at the $8.66 and $8.86 levels with some support at $8.50 and $8.36. Shares of JetBlue Airways are roughly flat year-to-date.
More information on JetBlue Airways and access to the free equity report can be found at:
United Continental Holdings Inc. (NYSE: UAL) shares traded in the range of $44.50 to $45.50 Tuesday before settling to close at $45.20, an increase of 1.69 percent. The stock appears to be facing some resistance at the $47.16 and $48.22 levels with some support at $44.64 and $39.70. Shares of United Continental have gained approximately 20.0 percent year-to-date.
More information on United Continental and access to the free equity report can be found at:
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