- A strong recommendation from Bank of America Merrill Lynch on Alaska Air Group (ALK +5.6%) on top of solid traffic reports from Southwest Airlines (LUV +2.6%) and Alaska are helping to lift the airline sector.
- BAML sees significant opportunities for Alaska through the integration of Virgin America, while Southwest caught attention by lifting its Q4 unit revenue guidance to a range of -4% to -3% from -4% to -5% prior.
- Airline gainers today include Allegiant Travel (ALGT +4.5%), Spirit Airline (SAVE +3.8%), United Continental (UAL +3.7%) and JetBlue (JBLU +2.7%).
- Previously: Southwest Airlines reports December and Q4 traffic (Jan. 10)
- Previously: BAML sees breakout for Alaska Air (Jan. 10)
- Related ETF: JETS.