Airlines fares track higher in October

• Airline fares increased 1.5% M/M in October to break a streak of monthly declines, according to the Bureau of Labor Statistics.
• The average fare was still 5.2% lower than the level from a year ago on an unadjusted basis.
• The slight increase in fares is a positive development for the sector after Q3 earnings were pinched on highly competitive pricing in key markets.
• Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
• Related ETF: JETS.
• BLS CPI data