Not exact matches
Other
airline stocks were also lower, with Spirit down 5 percent,
Delta shedding 2 percent and United falling 3 percent.
He noted that its peer
Delta Air Lines reported better - than - expected earnings, but
airline stocks have underperformed amid rising oil prices.
American
Airlines stock was down 6 percent Wednesday, while Southwest was off 4.8 percent and
Delta declined 5.4 percent.
Delta Air Lines CEO Ed Bastian talks with CNBC's Phil LeBeau about the company's quarterly results, waning interest in
airline stocks, and pressure on low airfares.
These are the
stocks posting the largest moves after the bell on Monday, including: American
Airlines,
Delta Air Lines, United
Airlines and more.
However, recent moves by larger rivals
Delta Air Lines Inc and American
Airlines Group Inc to match those low prices have hurt unit revenue and pushed Spirit's
stock down 46 percent last year.
Shares of companies in the industry, including Southwest, United Continental and American
Airlines fell more than 9 %, while
Delta saw its
stock tumble by over 5 %.
The
airline is a sister
stock to
Delta Airlines, mentioned earlier, and therefore the two
stocks often move in a similar fashion.
According to fourth - quarter filings, Berkshire owns a little over $ 10 billion in
stock in the top four carriers — American,
Delta Air Lines, United Continental and Southwest
Airlines — with the largest position, by number of shares held, being
Delta.
Stock trades at about 10 times earnings expectations made
Delta Airlines an attractive pick in 2017.
For some investors, Warren Buffett's ownership of 55 million shares of
Delta Airlines serves as a reassurance that the
stock is among the best safe investments.
American
Airlines,
Delta, and United routinely run promotions to encourage frequent flyer program members to
stock up on miles.
Disclosure: Millionaire Mob owns
Delta Airlines (DAL) and Aflac (AFL) in their dividend growth
stock portfolio with Robinhood.
American
Airlines,
Delta, and United routinely run promotions to encourage frequent flyer program members to
stock up on miles.
Rivals United
Airlines and Continental
Airlines combined their operations through a $ 3 billion merger in 2010, two years after
Delta Air Lines acquired Northwest
Airlines in a $ 3.63 billion
stock swap.