U.S. airlines shine on prospects of a strong summer season
26/05/2022 15:54
** Shares of U.S. carriers rise after Southwest Airlines
LUV.N , JetBlue Airways JBLU.O and Delta Air Lines DAL.N
expect strong summer travel demand
** S&P 500 airlines index .SPLRCALI surges 5.2%, while S&P
500 .SPX gains 1.5%
** LUV boosted its Q2 operating revenue forecast while JBLU
said it expects revenue "at or above high-end of previous
guidance" urn:newsml:reuters.com:*:nL3N2XI26Z
** DAL said it plans to trim some of its flights through
August to relieve operational pressure amid soaring travel
demand urn:newsml:reuters.com:*:nL2N2XI13O
** LUV, JBLU and DAL up 3.4%-4.7%
** United Airlines UAL.O advances 4.0%; UAL had lifted its
Q2 forecast last week even as it trim capacity urn:newsml:reuters.com:*:nL3N2X92AN
urn:newsml:reuters.com:*:nL2N2X82JX
** American Airlines AAL.O , Spirit Airlines SAVE.N and
Alaska Air ALK.N jump 3.2%-4.5%
** Planemaker Boeing BA.N increases 3.3%
** Shares of other travel stocks like cruise operators and
hotels also lead market movers urn:newsml:reuters.com:*:nL3N2XI31N
(Reporting by Ruhi Soni in Bengaluru)
((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))