Airlines hit eight-year high as oil retreats to pre-Iran war levels

American Airlines

24/06/2026 15:47

** S&P Composite 1500 passenger airlines index .SPCOMAIR hits an over eight-year high; last up 4.4%, as crude prices fall over 4% to levels seen before the start of the Iran war O/R
** United Airlines UAL.O, Delta Air Lines DAL.N hit record highs and were last up 6% and 3.6%, respectively
** American Airlines AAL.O hit a 16-month high and was last up 5.4%; Southwest Airlines LUV.N gains 2.9% 
** Brent crude futures LCOc1 falls 4.3% to $73.76/barrel and U.S. WTI CLc1 slips 4.13% to $70.19/barrel, as signs emerged that more oil tankers are set to move out of the Strait of Hormuz
** SPCOMAIR up 20.8% YTD vs ~8% gain in the S&P 500 .SPX

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))