Airline stocks are taking off on Thursday with recent news behind today’s rise in price for the shares!
Earnings reports are the major news pushing airline stocks higher today. Several major players in the space released results for fourth quarter of 2021 and its pulling the sector higher today.
Let’s jump into that below!
Airline Stocks Soaring: Southwest Airlines (LUV)
Southwest Airlines (NYSE:LUV) stock is flying close to 1% higher with the release of its fourth-quarter earnings report for 2021. That comes after reporting adjusted earnings per share of 14 cents and revenue of $5.1 billion. Both of those are better than Wall Street’s estimates of 7 cents per share and revenue of $5.01 billion.
Airline Stocks Soaring: JetBlue Airways (JBLU)
JetBlue Airways (NASDAQ:JBLU) stock is also rising 3.5% this morning thanks to its Q4 2021 earnings report. This includes adjusted losses per share of 36 cents on revenue of $1.83 billion. These both come in above analysts’ estimates of -39 cents per share and revenue of $1.82 billion.
Airline Stocks Soaring: United Airlines (UAL)
United Airlines (NASDAQ:UAL) stock is getting a 1.1% boost with the release of its earnings report for Q4 2021. That’s thanks to its adjusted per-share losses of $1.60 on revenue of $8.19 billion. These both come in above Wall Street’s estimates of -$386 per share and revenue of $7.48 billion.
Airline Stocks Soaring: American Airlines (AAL)
American Airlines (NASDAQ:AAL) shares are climbing slightly higher this morning despite releasing earnings results. Instead, the company is likely soaring alongside other airline stocks and their positive outlooks for the rest of the year.
Investors looking for more recent stock market news will want to keep reading!
InvestorPlace has all the stock coverage that traders need to know about for Thursday. A few examples include updates on Nio (NYSE:NIO) and Lordstown Motors (NASDAQ:RIDE) shares, as well as this morning’s biggest pre-market stock movers. You can find all of that info at the following links!
More Thursday Stock Market News
- Is NIO Stock a Buy? Here’s What 5 Analysts Think About Nio Price Predictions.
- RIDE Stock Alert: 3 Reasons Investors Should Be Watching Lordstown Motors Now
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.