US airline stocks rose on Tuesday after major carriers including Delta and American Airlines lifted their outlooks. JetBlue also reported an uptrend in demand but noted higher costs weighed on its results. Meanwhile, Southwest Airlines announced it will drop service at two airports in June.
In a presentation at the J.P. Morgan Industrials Conference, Delta Air Lines expressed confidence despite soaring jet fuel prices. The airline’s positive outlook boosted shares, while JetBlue reported a moderate increase in demand. However, higher costs affected its results.
Source: https://www.investors.com/news/delta-air-lines-american-airlines-rally-hike-outlooks-fuel-prices-jetblue-southwest-hubs-dal-stock-aal