Southwest, JetBlue And Spirit Airlines Shares Are Moving Lower Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
Several airline stocks, including Southwest Airlines, JetBlue Airways, and Spirit Airlines, are trading lower in sympathy with American Airlines, which revised its second-quarter guidance downward. American Airlines lowered its earnings forecast, operating margin guidance, and TRASM expectations, leading to a sector-wide decline.
May 29, 2024 | 12:40 pm
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NEGATIVE IMPACT
American Airlines revised its Q2 guidance downward, lowering its earnings forecast, operating margin, and TRASM expectations. This led to a downgrade from Jefferies and a price target cut from BofA Securities.
American Airlines' downward revision of its Q2 guidance has led to a significant drop in its stock price and a downgrade from analysts. This has a direct negative impact on AAL's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
JetBlue Airways shares are trading lower in sympathy with American Airlines' revised guidance. The sector-wide decline is affecting JBLU's stock price.
JetBlue Airways is experiencing a decline in its stock price due to the negative sentiment in the airline sector following American Airlines' revised guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Southwest Airlines shares are trading lower in sympathy with American Airlines' revised guidance. The sector-wide decline is affecting LUV's stock price.
Southwest Airlines is experiencing a decline in its stock price due to the negative sentiment in the airline sector following American Airlines' revised guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Spirit Airlines shares are trading lower in sympathy with American Airlines' revised guidance. The sector-wide decline is affecting SAVE's stock price.
Spirit Airlines is experiencing a decline in its stock price due to the negative sentiment in the airline sector following American Airlines' revised guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80