BUZZ-US carriers gain after Gulf preliminary deal
Alaska Air Group, Inc. ALK | 0.00 | |
Southwest Airlines Co. LUV | 0.00 | |
American Airlines Group Inc. AAL | 0.00 | |
Delta Air Lines, Inc. DAL | 0.00 |
** U.S. airline stocks rise premarket on Monday after Washington and Tehran reached a preliminary deal to end their conflict and reopen the Strait of Hormuz, which eased oil price worries
** Oil fell to its lowest levels since March 10 after tumbling more than 3% on Friday O/R
** American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N rise between 3.5%-4%
** United Airlines UAL.O added 4%, Alaska Air ALK.N up 2.1%
** Dow Jones U.S. airlines sub-index .DJUSAR closed nearly 2% up Friday and is up 6% YTD
** Elsewhere, European airlines also soared, lifting STOXX Travel and Leisure index .SXTP 3%
