Markets

Airline stocks surge after TSA reports highest traveller numbers since March

The Transportation Security Administration on Monday reported that 831,789 travellers passed through its checkpoints on Sunday – the highest number since March 17. In addition, traveller traffic has consistently increased over the last two weeks, according to TSA data. Shares of major airlines including American Airlines, United Airlines, and Delta […]
Airline stocks surge after TSA reports highest traveller numbers since March
Markets

The so-called reopening trade surges on Moderna vaccine trial success

On Tuesday, Moderna announced that its coronavirus vaccine produced a “robust” immune response in all 45 patients in an early stage human trial. Shares of the so-called reopening trade, which includes airlines, cruise lines, and retail stocks, surged in premarket trading Wednesday. The reopening trade consists of stocks that would […]
The so-called reopening trade surges on Moderna vaccine trial success
Markets

US airlines surge as Trump suspends flights from China-based carriers

Airline stocks outperformed Wednesday’s stock market rally after the White House banned Chinese airlines from operating passenger flights to the US starting mid-June. Alaska Air led the group after leaping as much as 12%, while United Airlines followed close behind with an 11.8% climb. American Airlines and Delta Air Lines […]
US airlines surge as Trump suspends flights from China-based carriers
Markets

United Airlines rises after announcing CEO Oscar Munoz will step down

United Airlines shares rose as much as 1% in early Thursday trading after the company announced CEO Oscar Munoz will step down in May and President Scott Kirby will become its new chief executive. Munoz will become the airline’s chairman, and current chair Jane Garvey will retire from United’s board. […]
United Airlines rises after announcing CEO Oscar Munoz will step down