Shares of airline companies are trading higher amid easing oil prices after U.S. Treasury Secretary Scott Bessent said there is a chance a deal could be reached that reopens the Strait of Hormuz.

UBS Upgrades Allegiant Travel to Buy, Lowers Price Target to $107

UBS analyst Atul Maheswari upgrades Allegiant Travel (NASDAQ:ALGT) from Neutral to Buy and lowers the price target from $111 to $107.

Barclays Maintains Overweight on Allegiant Travel, Lowers Price Target to $115

Barclays analyst Brandon Oglenski maintains Allegiant Travel (NASDAQ:ALGT) with a Overweight and lowers the price target from $145 to $115.

Allegiant to Launch Two New Nonstop Flights to Florida Destinations

Allegiant Travel Company is launching year-round nonstop flights from Flint Bishop International Airport to Orlando and Fort Myers starting February 2027, with introductory fares as low as $69. The airline is also adding seasonal service to Sarasota and St. Pete-Clearwater. This expansion is part of a broader trend among U.S. airlines including Delta, United, and Alaska Air expanding their domestic and international networks.

Allegiant Travel Added Two New Year-round Nonstop Routes From Flint Bishop International Airport To Orlando International Airport And Southwest Florida International Airport With Limited Time One-way Fares As Low As $69

Barclays Maintains Overweight on Alaska Air Group, Lowers Price Target to $52

Barclays analyst Brandon Oglenski maintains Alaska Air Group (NYSE:ALK) with a Overweight and lowers the price target from $65 to $52.

Federal Aviation Administration Head Bedford Met With Airline CEOs Thursday To Discuss Plans To Use Software-Based System To Reduce Flight Delays

- Reuters Citing Officials