US carriers gain after US-Iran preliminary deal

Frontier group

15/06/2026 15:02

Updates
** U.S. airline stocks rise after a preliminary deal between Washington and Tehran to end their conflict and reopen Strait of Hormuz sent oil prices tumbling to a 3-month low 
** Both Brent crude futures and U.S. West Texas Intermediate fall to their lowest levels since March 10, after declining more than 3% on Friday O/R
** Shares of American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N rise between 4% and 5% 
** United Airlines UAL.O adds 7%, Alaska Air ALK.N up ~8% and Frontier Airlines ULCC.O jumps 11%
** Including session gains, the Dow Jones U.S. airlines sub-index .DJUSAR up ~12% YTD
** European airlines also soar, lifting STOXX Travel and Leisure index .SXTP by 3%



US Airline stocks https://tmsnrt.rs/4uGniwn
 (Reporting by Rashika Singh and Aatreyee Dasgupta)
 ((Rashika.Singh@thomsonreuters.com;))