Delta (DAL) Dec. Results Send Airline Stocks Higher
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Airlines stocks gained on Friday after Delta Air Lines (NYSE: DAL) reported financial and operating performance for December 2013. Consolidated passenger unit revenue (PRASM) at Delta for the month of December increased 10.0 percent year over year driven by continuing strong demand and benefits from the timing of the Thanksgiving holiday.
Delta Air Lines Inc. (NYSE: DAL) gained about 5.5%, followed closely by United Continental Holdings, Inc. (NYSE: UAL) and JetBlue Airways Corporation (Nasdaq: JBLU). American Airlines Group Inc. (Nasdaq: AAL) tacked on 4.5%, and Southwest Airlines Co. (NYSE: LUV) and Alaska Air Group, Inc. (NYSE: ALK) rose 2.6 and 2%, respectively. Spirit Airlines, Inc. (Nasdaq: SAVE) gained 4%.
Delta Air Lines Inc. (NYSE: DAL) gained about 5.5%, followed closely by United Continental Holdings, Inc. (NYSE: UAL) and JetBlue Airways Corporation (Nasdaq: JBLU). American Airlines Group Inc. (Nasdaq: AAL) tacked on 4.5%, and Southwest Airlines Co. (NYSE: LUV) and Alaska Air Group, Inc. (NYSE: ALK) rose 2.6 and 2%, respectively. Spirit Airlines, Inc. (Nasdaq: SAVE) gained 4%.
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