Airlines take a hit on the markets

admin
By admin June 10, 2015 14:31

Airlines take a hit on the markets

US overcapacity fears have been stoked again this week and Airlines stocks fell again yesterday after American lowered its second-quarter forecast. In midday trading, shares of American Airlines Group were down 22 cents to $39.64 after dipping as low as $38.45; and Southwest Airlines Co. was down $1.58, or 4.4 percent, to $34.53. Shares of United Continental, Delta Air Lines, JetBlue Airways, Alaska Air Group and Spirit Airlines were also down. If you have already invested in stocks and want to start trading stocks then check out this amazing website at etoro. There are many stocks to trade with here.

American said that it expects revenue per seat mile in the second quarter will be 6% to 8% lower than a year ago. That is worse than the previous forecast of a decline between 4% and 6%. Southwest Airlines said revenue-per-seat mile fell 6% in May, and that it expects a decline of between 4% and 5% for the April-through-June quarter. The decline indicates that Southwest likely is getting lower average prices – but its load factor is up and as such Southwest is winning the battle (again).

admin
By admin June 10, 2015 14:31