By Josh Beckerman
Airline stocks shares were higher Friday, with Delta, United Airlines Holdings and JetBlue Airways all recently up at least 7%, outpacing broader gains for stocks.
Delta rose 7%, to $44.58; United gained 8%, to $74.98; and JetBlue increased 8%, to $4.72. American Airlines Group gained 5%, to $10.54; and Southwest Airlines rose 4%, to $29.82; while Alaska Air Group gained 8%, to $47.77.
The Dow Jones Industrial Average was recently up 1.4% and the S&P 500 was 1.6% higher. The Labor Department reported Friday that the U.S. added 177,000 jobs in April, above the gain of 133,000 jobs that economists polled by The Wall Street Journal had expected.
JetBlue, Southwest, American, Delta and Alaska have recently withdrawn their full-year guidance.
On Thursday, Delta announced a $1 billion buyback program, citing its confidence in its durable financial foundation. Frontier Group said Thursday that first-quarter results reflected softer demand in March, with current booking trends suggesting demand for May and early summer has stabilized.
Meanwhile, Sun Country Airlines Holdings said Thursday that cargo and charter growth helped offset lower-than-expected scheduled service revenue.
Frontier was up 7%, to $3.32, and Sun Country rose 9%, to $10.70.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 02, 2025 14:22 ET (18:22 GMT)
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