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Airline Stocks at 3Q-No Ticker Tape Parade

Airline stocks continue to languish at the end of the third quarter.  Most are solidly in the red despite an upwards trend in the rest of the market.  OPEC moved to stem the decline in oil prices in late September, while there are continuing pressures on the revenue front in the face of climbing capacity.  The Dow Jones airline index is down by -15%, while Delta and Jet Blue are the worst laggards among the individual carriers, posting losses for the year of -22% and -24%, respectively.  Despite all the talk of interest rate hikes, long-term rates are still in decline mode, and consumers appear to be in a somewhat nervous, penny-pinching mood.

 

airline-stocks-sep-2016


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