The US airline stocks are in focus as crude oil prices soar after the US assassinated a top Iranian military commander last Thursday night.
Airline stocks were among the few industries that lagged last year’s broader market rally. The broader US stock market had a remarkable run last year.
United Airlines (UAL) stock gained nearly 2% on Thursday. Evercore ISI analyst Duane Pfennigwerth upgraded the stock to “outperform” from “in-line.”
Boeing (BA) has agreed to compensate Turkish Airlines for the losses caused by grounded and undelivered 737 MAX jets.
Boeing and Embraer are pushing for a joint venture. In a $4.2 billion deal, Boeing is to buy 80% of Embraer’s commercial aircraft division.
United Parcel Service (UPS) expects to return a record 1.9 million packages on National Returns Day, up 26% year-over-year.
The world has a problem that's actually good for the fertilizer industry. This is the world's population, which is ever-growing, as is food consumption.
So far, United Airlines (UAL) stock has underperformed the broader markets and its top peers this year. The stock has risen about 6.5% this year.
Airbus received firm orders for its 100 A320neo family aircraft from the US-based low-cost carrier Spirit Airlines (SAVE).