Airline Stocks Are Strong Today: Here's What You Need To Know

Coinciding with the conference, several airline companies also released supplemental data and guidance.

3 In Focus

1. Delta Air Lines, Inc. DAL expects to see its third-quarter unit revenue down 7 percent and expects an operating margin of 18 to 19 percent.

2. Southwest Airlines Co LUV expects its third-quarter operating revenue per seat mile to decline 4.5 percent to 3.5 percent. The company also expects August revenue per mile to be higher year-over-year by 3.6 percent.

3. SkyWest, Inc. SKYW expects its bottom half 2016 year-over-year earnings growth to be in the low double-digit range.

Related Link: Delta's August Load Factor Falls 2.9 Percentage Points

Stock-Specific Performances

Here is a summary of how airline stocks have been performing as of Wednesday afternoon:

• Shares of Delta were trading higher by 5.16 percent at $38.72.
• Shares of Southwest Airlines were trading higher by 4.25 percent at $38.52.
• Shares of American Airlines Group Inc AAL were trading higher by 5.55 percent at $39.01.
• Shares of Allegiant Travel Company ALGT were trading higher by 8.43 percent at $146.37.
• Shares of United Continental Holdings Inc UAL were trading higher by 5.20 percent at $53.79.

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