Shares of airline companies are trading lower amid a rebound in oil prices driven by continued U.S.-Iran military strikes. Also, American Airlines warned of higher fuel costs after the company reported Q2 financial results, lowered its FY26 adjusted EPS guidance below estimates and guided Q3 adjusted EPS below estimates.

Raymond James Upgrades Allegiant Travel to Strong Buy, Lowers Price Target to $116

Raymond James analyst Savanthi Syth upgrades Allegiant Travel (NASDAQ:ALGT) from Outperform to Strong Buy and lowers the price target from $138 to $116.

Shares 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.

Shares of airline companies are trading lower as oil prices rise amid a lack of new U.S.-Iran negotiations. Also, elevated energy costs, inflation expectations and bond yields may lead to weaker passenger demand and pricier aircraft financing costs.

Shares of airline companies are trading lower amid a rise in oil prices as investors weigh in on a possible impasse in U.S.-Iran negotiations.

Raymond James Maintains Strong Buy on Copa Holdings, Lowers Price Target to $185

Raymond James analyst Savanthi Syth maintains Copa Holdings (NYSE:CPA) with a Strong Buy and lowers the price target from $195 to $185.

UBS Maintains Buy on Copa Holdings, Lowers Price Target to $185

UBS analyst Alberto Valerio maintains Copa Holdings (NYSE:CPA) with a Buy and lowers the price target from $195 to $185.