Shares of airlines are trading lower. Weakness may be due to recent flight cancellations amid severe weather and groundings of the Boeing 737 Max 9 by some airlines. A US judge also blocked the Spirit-JetBlue deal, which may be weighing on the sector.
Portfolio Pulse from Benzinga Newsdesk
Airlines stocks are down due to recent flight cancellations from severe weather and Boeing 737 Max 9 groundings. Additionally, a US judge blocked the Spirit-JetBlue merger, adding pressure to the sector.
January 16, 2024 | 8:00 pm
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NEGATIVE IMPACT
Alaska Air Group Inc. shares are likely down due to the industry-wide impact of weather-related cancellations and Boeing groundings.
ALK is affected by the general downturn in the airline sector due to operational disruptions and the grounding of Boeing 737 Max 9, which may impact their fleet operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Delta Air Lines, Inc. is experiencing a decline in stock price, likely influenced by the sector's challenges with weather and Boeing's 737 Max 9 groundings.
DAL's stock is impacted by the same factors affecting the airline industry, including operational challenges and potential fleet issues related to the Boeing 737 Max 9.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Hawaiian Holdings Inc. shares are down, potentially due to the broader industry impact from adverse weather conditions and Boeing 737 Max 9 groundings.
HA is likely experiencing stock price pressure due to the overall negative sentiment in the airline sector caused by recent operational disruptions and Boeing aircraft concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
United Airlines Holdings, Inc. stock is trading lower amid the industry's struggles with flight cancellations and the grounding of Boeing 737 Max 9 aircraft.
UAL's stock is negatively affected by the widespread issues in the airline industry, including the grounding of Boeing 737 Max 9 planes, which could affect their operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70