The Airline Industry spiked Thursday on reports of a strong holiday travel season by both American Airlines Group Inc. and United Continental Holdings Inc. American Airlines reported total traffic in December increased 5.7 percent year-over-year, while capacity grew 1.9 percent. On Wednesday, United reported December 2013 consolidated traffic increased 4.5 percent year-over-year, while capacity gained 0.5 percent. Here is how some Airline stocks reacted Thursday:
Alaska Air Group, Inc. (NYSE: ALK) shares traded in the range of $76.51 to $80.20 Thursday before settling to close at $77.39, an increase of 2.10 percent. The stock appears to be facing some resistance at $78.19 with some support at the $75.46 and $73.89 levels. Shares of Alaska Air Group have gained approximately 7.0 percent year-to-date.
More information on Alaska Air Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ALK
JetBlue Airways Corp. (NASDAQ: JBLU) shares traded in the range of $8.77 to $9.22 Thursday before settling to close at $8.83, a decrease of 1.89 percent. The stock appears to be facing some resistance at the $8.83 and $9.09 levels with some support at $8.63. Shares of JetBlue Airways have gained approximately 5.0 percent year-to-date.
More information on JetBlue Airways and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JBLU
Republic Airways Holdings Inc. (NASDAQ: RJET) shares traded in the range of $10.66 to $10.96 Thursday before settling to close at $10.67, a decrease of 0.28 percent. The stock appears to be facing some resistance at the $10.76 and $11.10 levels with some support at $9.75. Shares of Republic Airways Holdings have gained approximately 3.0 percent year-to-date.
More information on Republic Airways Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RJET
Spirit Airlines Inc. (NASDAQ: SAVE) shares traded in the range of $46.99 to $48.07 Thursday before settling to close at $48.07, an increase of 2.83 percent. The stock appears to have some support at the $46.94, $44.63 and $41.89 levels. Shares of Spirit Airlines have gained approximately 7.0 percent year-to-date.
More information on Spirit Airlines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SAVE
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