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Airlines

$JETS - Recovery of the Airline Industry“The U.S. Global Jets ETF $JETS provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.” TECHNICALS $JETS is currently trading at $25.50 which is 13% below their most recent high of $28.98 which was made in March 2021. The stock has been in an upward trend since October 2020 as a result of increased vaccinations around the world and strong guidance. As seen on the chart, between 2017 and early 2020 $JETS established a strong support zone between $27.50 and $28.50. With travel expected to increase into the summer and vaccinations continue to be rolled out, $JETS can potentially see a 10% move and settle between $27.50 and $28.50 in the coming months. RECOVERY Based on their most recent earnings reports, airline companies such as $AAL, $DAL, $LUV, and $UAL have all posted that their revenue is up 100% or more from their pandemic lows. Although revenue is sitting around 50% of pre-pandemic levels, the growing number suggests that the industry is recovering. RISKS The greatest risk to the travel industry at the moment is the massive increase in covid cases in India and the emergence of the new covid variant B.1.617. Although much more information is needed, the new variant appears to be spreading at a much faster rate than before and it is unknown if vaccines will help prevent the contraction of the virus. Anthony, OptionsSwing Analyst
AMEX:JETSLong
by optionsswing
2
LUV breaks pre-COVID weekly resistance NYSE:LUV has recently broken through weekly pre-COVID resistance. With travel becoming a focus with a world trying to emerge from a pandemic, look for airline stocks to benefit, at least for the medium term. I would look for a retest and possible bounce off that previous resistance level. Wait for the retest, though, and see how that price interacts. For reference, the AMEX:JETS ETF is published. Many of the other airlines are just bumping into their pre-COVID support levels. If they break though, that could be a long trade. If you're looking for an outperformer, though, look for a place to safely jump into NYSE:SAVE .
NYSE:LUVLong
by randomjohn
AMERICAN AIRLINES rebound approaches $28.27American airlines has been on a Long term downtrend like Singapore airlines since October of 2018. The pandemic accelerated that downtrend to a low of $8.25. A long signal on 9/11/20 at the price of $12.70 targeted the monthly pivot at $28.27 As we approach the rebound target, the daily support will play an import pivot as an over head resistance in 27 month downtrend. LONG TERM DOWNTREND SINCE 011018 MEDIUM TERM UPTREND SINCE 301120 SHORT TERM UPTREND SINCE 091120 PIVOT 21.23 Long position above 21.23 for 28.27 and 36.54 Short positions below 21.23 for 18.42 and 17.31
NASDAQ:AAL
by gekkohot
Air Canada - Take Profit Zone?RSI just reached overbought territory on the weekly. Some cooldown can be expected, how low can it dip though really? AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time. Currently has seen a nice upswing in price with tremendous growth in volume. Different support levels indicated for possible re-entries. Could see $36+ later this year, time to set up!
TSX:AC
by thiluxan_s
1
Recovery stock? Only temporaryBe careful with AAL. While everyone is hunting for "recovery stocks" this may only be temporary in the case of American Airlines. AAL has been in a down trending channel since 2018, when trade tensions were at peak and oil prices were rising. Things aren't very different today with a potential strong recovery of oil prices. AAL usually gets hit hardest because they burn their cash fastest compared to their competitors. While management seems serious about trying to turn things around, not sure this stock is going to see "all time highs" any time soon. There is an upside of 26% - 40% here, but if I were in AAL I'd play with tight stop loss limits because that downside to the bottom of the channel is not far from the covid crash and nearly 50% down. Good luck.
NASDAQ:AAL
by Karam08
MESA Airline stocks endured a miserable 2020 due to the pandemic, but Mesa is not a typical airline. The company operates small planes under contracts with larger partners. In Mesa's case, that means it flies primarily for American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Deutsche Post (OTC: DPSGY) DHL. The fee-for-service model has helped insulate Mesa from some of the losses its larger partners have faced during the pandemic. Mesa last week surprised investors with a fiscal first-quarter profit that exceeded expectations, causing the stock to gain altitude.
NASDAQ:MESA
by roclub1
UALShares of United Airlines Holdings Inc. UAL, +2.56% rose 1.20% to $53.31 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -1.31% rising 2.38% to 3,901.82 and the Dow Jones Industrial Average DJIA, -0.39% rising 1.95% to 31,535.51. This was the stock's second consecutive day of gains. United Airlines Holdings Inc. closed $10.22 short of its 52-week high ($63.53), which the company reached on March 3rd. The stock outperformed some of its competitors Monday, as Southwest Airlines Co. LUV, +0.02% fell 0.12% to $58.06, Delta Air Lines Inc. DAL, +0.25% rose 0.25% to $48.06, and American Airlines Group Inc. AAL, +3.40% rose 1.15% to $21.18. Trading volume (19.4 M) eclipsed its 50-day average volume of 14.7 M.
NASDAQ:UALLong
by roclub1