Airline stocks are moving higher Tuesday due to weak crude oil futures. The outlook of the industry remains favorable with oil
prices staying relatively low, and the industry as a whole is moving higher as a result.
A new executive hire was also revealed, as United Continental Holdings Inc (NYSE: UAL) hired Scott Kirby, former President of American Airlines.
Related Link: United
Airlines' New President Hire Is An 'Overwhelming Positive' Says Credit Suisse
Here's a look at how some major airline stock are moving:
- United Continental - up 9 percent at $51.18
-
Delta Airlines, Inc. (NYSE: DAL) - up 2.5 percent at
$37.47
-
Southwest Airlines Co (NYSE: LUV) - up 2.3 percent
at $37.29
-
Alaska Air Group, Inc. (NYSE: ALK) - up 1.8
percent at $68.23
-
Hawaiian Holdings, Inc. (NASDAQ: HA) - up 2.4
percent at $46.93
-
American Airlines Group Inc (NASDAQ: AAL) - up 3
percent at $37.29
-
JetBlue Airways Corporation (NASDAQ: JBLU) - up
2.6 percent at $16.16
Airbus Delivers First A320 NEO
Airbus Group also announced it has delivered its first Airbus A320 NEO to South American airline provider LATAM
Airlines Group SA (NYSE: LFL). The new plane is expected to
be welcomed addition to the industry because it's a smaller plane with better fuel efficiency and longer range. This allows
companies to open up new routes that weren't necessarily feasible in the past.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.