Airline Stocks Rally, Treasury Yields Fall as Oil Tumbles on Iran Sanctions
Every major US carrier opened higher as crude fell 3% on Iran de-escalation signals, while Treasury yields fell across the curve and energy lagged.
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Alaska Air Gr Q2 Adj. EPS $(0.92) Beats $(0.99) Estimate, Sales $4.065B Miss $4.092B Estimate
Alaska Air Gr (NYSE:ALK) reported quarterly losses of $(0.92) per share which beat the analyst consensus estimate of $(0.99) by 7.07 percent. This is a 151.69 percent decrease over earnings of $1.78 per share from the
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Raymond James Maintains Outperform on Alaska Air Group, Lowers Price Target to $52
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Read original at benzingaTD Cowen Maintains Buy on Alaska Air Group, Lowers Price Target to $46
TD Cowen analyst Tom Fitzgerald maintains Alaska Air Group (NYSE:ALK) with a Buy and lowers the price target from $59 to $46.
Read original at benzingaShares of airline companies are trading lower amid an oil price rebound. Expectations for U.S.-Iran negotiations over Strait of Hormuz passage are frozen, with the U.S. threatening major economic pressure on Iran and its trade partners, an approach that may leave energy prices elevated for longer.
Read original at benzinga