Southwest, Delta Air Lines
Digest more
Market Sunrise Host Ramzan Karmali examines the stocks moving in premarket trading following earnings reports, including American Airlines (AAL), Southwest (LUV), and Keurig Dr Pepper (KDP). To watch more expert insights and analysis on the latest market action,
Shares of American Airlines and Southwest Airlines both dropped sharply Thursday, after the carriers reported slack second-quarter demand for travel and potential weakness in the economy impacting the second half of the year.
Southwest Airlines reported lower-than-expected quarterly profit and revenue on Wednesday, hurt by tepid demand from U.S. consumers for travel.
United Airlines Holdings is positioned in the middle among its peers for Consensus rating. It ranks at the bottom for Revenue Growth. In terms of Gross Profit, it is at the top among its peers. For Return on Equity, it is positioned in the middle compared to its peers.
American Airlines and Southwest stock tumbled as weakness in the domestic market impacted quarterly results and outlook.