Airline Most Active Stocks: Southwest Airlines Co. (NYSE:LUV), Delta Air Lines, Inc. (NYSE:DAL), United Continental Holdings, Inc. (NYSE:UAL)

April 24, 2015 12:16 PM

49 0

Southwest Airlines Co. (NYSE:LUV) [Trend Analysis] is spending about a buck less on every gallon of fuel, and that’s helping the airline post record profits quarter after quarter. The airline says April bookings have been strong, but it expects a key revenue figure to decline in the second quarter. Southwest Airlines Co. said Thursday that first-quarter net income tripled from a year ago, to a record $453 million. The results were slightly better than Wall Street expected. Revenue rose 6 percent to $4.41 billion, matching the FactSet forecast. Fuel spending dropped to $877 million from $1.31 billion a year earlier. Labor topped fuel as Southwest’s biggest expense — spending on wages and benefits rose 11 percent to $1.42 billion. Southwest Airlines Co. (NYSE:LUV) after opening at $43.35 hit its intraday high price of $44.19 moreover then finished at $43.26 as shares surging 0.96%. As took noticed on the firm performance, its weekly performance was 2.39%, monthly performance was -3.70%. The stock price of LUV is moving up from its 20 days moving average with 0.97% and isolated negatively from 50 days moving average with -1.05%.

Delta Air Lines, Inc. (NYSE:DAL) [Trend Analysis] flight bound for Atlanta has returned to Buffalo, New York, after the crew received an indication of a possible issue with one of its two engines. The airline says Flight 1672 landed safely at Buffalo Niagara International Airport on Thursday morning...

Read more

To category page