- Positive commentary from the analyst community and some help from the oil patch helped the airline sector outperform for the week.
- American Airlines Group (NASDAQ:AAL) ran up a gain of 11% off of news the company would be added to the S&P 500 Index.
- Plenty of bets were laid out on American with volume on Friday at 137.8M shares vs. 15.33M daily average.
- Analysts thinks the inclusion of American to the S&P 500 to join Southwest Airlines (NYSE:LUV) and Delta Air Lines (NYSE:DAL) effectively boxes out United Continental (NASDAQ:UAL) and Alaska Airlines (NYSE:ALK) from the prized index until at least 2016.
- A positive read from Southwest on efficiency also helped to buoy sentiment.
- Even beaten-down Hawaiian Holdings (NASDAQ:HA) perked up during the week with a 8.56% run. The carrier has under-performed recently due in part to some hedging losses.
- ETF fans are set to have their catch-all airline investment opportunity soon with the expected launch of the U.S. Global Jets ETF (NYSEARCA:JETS) next month.
Confidence in airline stocks picks up again
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About AAL Stock
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Symbol | Last Price | % Chg |
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AAL | - | - |
American Airlines Group Inc. |