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Airline stocks retreat after JetBlue reports

Published 10/23/2018, 03:25 PM
Updated 10/23/2018, 03:25 PM
© Reuters.  Airline stocks retreat after JetBlue reports
  • Airline stocks are lower on the day, despite a drop in crude oil prices.
  • Decliners in the sector include Mesa Air (MESA -3.3%), United Continental (UAL -2.8%), Delta Air Lines (DAL -1.6%), Hawaiian Holdings (HA -1.8%) and Southwest Airlines (LUV -1.1%)/
  • JetBlue (JBLU -0.3%) set the tone early in the session when its earnings report didn't arrive in quite as strong as last week's reports from within the sector, although later on a rather optimistic conference call provided a bounce in the upward direction. Most notably, JetBlue execs said pricing strength was helping to offset elevated fuel costs.
  • Related ETF: JETS.
  • Previously: JetBlue Airways beats by $0.01, revenue in-line (Oct. 23)
  • Previously: Passenger yield improves at JetBlue (Oct. 23)
  • Now read: Delta Airlines: The Sky Is Clearer Than You Think


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