MARKET COMPOSITE
Airlines Stocks20-00-2024 21:00:00 PM
Price
$111.21
+ 0.80%
The list of companies include AAL-American Airlines Group Inc, ALGT-Allegiant Travel, ALK-Alaska Air Group Inc., ATSG-Air Transport Services Group Inc, CPA-Copa Holdings S.A., DAL-Delta Air Lines, Inc., HA-Hawaiian Holdings, Inc., JBLU-Jetblue Airways Corp, LUV-Southwest Airlines Co, MESA-Mesa Air Group Inc., SAVE-Spirit Airlines Inc, SKYW-Skywest Inc., UAL-United Airlines Holdings Inc, VTOL-Bristow Group Inc.
* Latest intraday update before market close @ 20:45:39 PM 02/20/2024
Summary
:
Average return is up 0.8%
Median return is up 0.2%
9 out of 16 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
JBLU + 1.5%AZUL + 2.0%ALK + 3.2%UAL + 3.3%SKYW + 3.7%

Aggregated price index with volume information

Summary:

  • Airlines stocks up 0.8% on average while median return up 0.5% in a day
  • Airlines stocks up 1.1% on average while median return up -0.1% in a week
  • Airlines stocks up 8.8% on average while median return up 8.8% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
ALK3.7%
4.3%
11.7%
21.270.982.742.894.9B2%82%62\/\213-0.1%
UAL3.5%
1.0%
12.0%
5.040.163.411.6814.3B3%65%58\/\/-213-0.0%
SKYW2.9%
1.7%
22.2%
78.94-1.171.051.1920%2.4B3%89%75\/\-/2130.7%
AZUL1.9%
-0.1%
-5.5%
0.110.67841.5M38%42\/\-2130.0%
VLRS1.5%
1.2%
-7.5%
-7.0672.211.850.10669.8M54%46-/\-425-0.1%
DAL1.2%
0.0%
8.9%
5.660.5259.472.2726.1B2%66%55\/\/4250.0%
JBLU0.7%
15.5%
40.5%
-7.550.071.482.712.4B4%83%67\/\425-0.1%
ALGT0.5%
3.0%
8.8%
8.730.464.503.231.5B5%88%56/\213-0.1%
AAL0.4%
-1.5%
7.6%
5.480.061.149.6B15%52%54\/\-425-0.0%
CPA-0.2%
-1.1%
9.4%
9.436.122.838.472.8B11%122%51\/\/2130.1%
LUV-0.2%
3.3%
12.9%
46.62.023.594.7520.2B3%80%70\/\At resistance213-0.1%
SAVE-0.3%
-1.8%
-1.2%
-1.610.221.552.46722.6M6%64%35\80-0.5%
HA-0.4%
-0.7%
0.3%
-2.760.12.242.98723.5M6%74%52\/\/2130.0%
VTOL-0.4%
-0.9%
5.4%
47.991.810.73766.9M94%53/-2130.0%
RYAAY-0.7%
-0.2%
9.2%
26.375.3615.2231.5B46%60/\/At resistance2130.2%
ATSG-1.4%
-7.8%
-12.9%
9.6133.41.580.88921.7M5%95%36/-/\213-0.1%
MESA-3.3%
2.3%
0.8%
-2.980.670.77202%40.1M5%83%52\/\425-0.1%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $JBLU 40.5%, $SKYW 22.2%, $LUV 12.9%, $UAL 12.0%, $ALK 11.7%
  • 1M losers are : Losers for past month are $SAVE -1.2%, $AZUL -5.5%, $VLRS -7.5%, $ATSG -12.9%
  • 1W winners are : Winners for past week are $JBLU 15.5%, $ALK 4.3%, $LUV 3.3%, $ALGT 3.0%, $SKYW 1.7%
  • 1W losers are : Losers for past week are $VTOL -0.9%, $CPA -1.1%, $AAL -1.5%, $SAVE -1.8%, $ATSG -7.8%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 28.3%, for the past 3 months is 31.9%

In the past month for a 5 days rolling window, the highest corrrelation is 58.7%, the lowest correlation is 15.0%, the latest correlation is 40.6%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 89.0% between AAL and DAL

The lowest correlation is -34.7% between ATSG and JBLU

Stock news

    United Airlines says a flight heading from San Francisco to Boston had to be diverted after the plane suffered damage to one of its wings. United said Tuesday that the Boeing 757-200 with 165 passengers aboard landed in Denver on Monday to “address an issue with the slat” on one of its wings. Passengers were put on a different plane and arrived later in the day in Boston.

    United Airlines will rely more on Boeing 737 MAX 9 and Airbus A321 aircraft in the absence of MAX 10 to pursue its growth plans, Chief Financial Officer Mike Leskinen said on Tuesday. A mid-air emergency last month on an Alaska Airlines 737 MAX 9 has raised new doubts over certification of the already delayed MAX 10. United has ordered 277 MAX 10 jets with options for another 200.

    Airlines’ plans to increase their U.S. carrying capacity more slowly should offer a boost to Southwest Airlines and other regional airlines, Deutsche Bank said. Analyst Michael Linenberg raised his rating on Southwest stock to Buy from Hold, increasing his target for the price to $42 from $28. Shares of Southwest were 2% higher at $34.65 in afternoon trading.

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    American Airlines will charge $40 to check a bag at the airport for domestic flights or $35 for those who pay in advance online. A second bag will now cost $45.

    "For the first time since 2018, American is adjusting bag fees for first and second checked bags," the carrier said. Passengers will now have to pay $35 to check their first bag for domestic flights if the service is booked online in advance, or $40 if they purchase the option at the airport, the carrier said. For Canada and short-haul international flights, the fee is $35 for first checked bags, and $45 for the second purchased online or at the airport.

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