Airline Stocks Move Higher as Oil Prices Fall
Airline stocks are climbing Tuesday as crude oil slips, while investors brace for United Airlines’ third quarter report after the close.
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American Airlines (NASDAQ: AAL) surged on lower oil costs ahead of its Q3 earnings report on Oct. 22. Get the complete market preview.
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Airline stocks are climbing Tuesday as crude oil slips, while investors brace for United Airlines’ third quarter report after the close.
American Airlines is projected to report a Q3 2026 loss of 28 cents per share, down 64.71% year-over-year, despite revenues expected to rise 18.35% to $16.20 billion. High fuel costs from Middle East tensions, escalated labor and airport costs, and high debt levels are pressuring profitability, though solid bookings and network optimization support revenue growth.
GE Aerospace cut technical-record processing time 25% with AI as broader maintenance improvements reduce engine turnaround times.
GE Aerospace delivered robust third-quarter 2026 results with adjusted EPS of $2.25, up 36% year-over-year and beating estimates by 11.4%. Total orders surged 49% to $18.99 billion, driven by strong commercial engine demand, including over 1,800 engine commitments at Farnborough. The company raised its 2026 adjusted EPS guidance to $8.00-$8.10 and free cash flow projection to $9.1-$9.4 billion.
Stock futures opened lower on October 20, 2026, driven by rising oil prices amid geopolitical tensions in the Strait of Hormuz. September housing data disappointed with starts and permits both declining, reflecting weakness in the real estate market due to elevated mortgage rates. GE and GM beat Q3 earnings expectations, though GM's downward guidance pressured shares. Netflix, United Airlines, and Intuitive Surgical are set to report earnings after market close.