Airline Stocks Move Higher as Oil Prices Fall - American Airlines Group (NASDAQ:AAL), United Airlines Hol

Airline stocks rose Tuesday as crude oil fell, easing a key cost for carriers ahead of United Airlines’ third-quarter report after the close. Crude futures dropped 1% to under $97 a barrel following an unverified report that Qatar and Pakistan proposed reviving talks to end the conflict with Iran, according to Trading Economics. The move lifted United Airlines (UAL), Delta (DAL), American (AAL), Southwest (LUV) and Frontier (ULCC). Analysts expect United to report earnings of $2.59 per share on $17.89 billion in revenue, near the lower end of management’s $2.50 to $3.50 guidance, while noting higher costs per seat mile and previously warned fuel pressure. At publication, shares were higher across the group.