Airline, cruise stocks climb as oil prices tumble on Mideast de-escalation hopes
27/07/2026 10:20
BUZZ-Airline, cruise stocks climb as oil prices tumble on Mideast de-escalation hopes ** Shares of major U.S. airlines and cruise operators gain in premarket trading as oil prices slide after U.S., Iran pause fighting over weekend
** American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N, Southwest Airlines LUV.N gain between 3-3.9%
** Cruise operators Norwegian Cruise Line Holdings NCLH.N, Royal Caribbean RCL.N, Carnival Corp CCL.N add between 2.8-3.2%
** Brent crude futures fall over 7% to their lowest since July 21 O/R
** Fuel costs are among the largest operating expenses for airlines and cruise operators
** S&P Composite 1500 Passenger Airlines Index .SPCOMAIR has fallen over 11% this month so far
(Reporting by Sudeshna Ghoshal in Bengaluru)