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Airline stocks take a turn higher

Jan. 10, 2017 1:04 PM ETAlaska Air Group, Inc. (ALK) StockJBLU, LUV, ALK, ALGT, UAL, SAVE, JETSBy: Clark Schultz, SA News Editor4 Comments
  • 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.

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