On June 15, Alaska Air Group rose 5.03% in regular trading, trading at $49.735/share, with turnover of $97.49 million.

On the news front, the US and Iran reached an agreement, sending international oil prices sharply lower. WTI crude futures fell as much as 5% to $79.15/barrel, hitting the lowest level since April 17, while Brent crude dropped over 4% to $83.33/barrel. Fuel is the single largest cost item for airlines, and falling oil prices significantly ease profitability pressure across the sector.

Notably, IATA had previously slashed its global airline industry net profit forecast from approximately $41 billion to $23 billion, citing projected fuel expenditures surging to $350 billion — up nearly 39% year-over-year. The current oil price retreat is expected to improve the industry earnings outlook. The S&P Composite 1500 Passenger Airlines Index rose 5% to a seven-year high, with JetBlue up 9.88%, United Airlines up 5.51%, American Airlines up 3.97%, and Delta Air Lines up 2.11%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)