- Air fares rose 2.0% on a month-to-month comparison, according to data compiled by the Bureau of Transportation Statistics. The increase during the month broke a two-month streak of falling fares following the Boeing 737 Max issue.
- Fares were up 0.9% in May compared to a year ago on an unadjusted basis.
- Several airlines followed the lead of American Airlines Group (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV) in firing off $5 one-way domestic increases.
- BTS data
- Related ETF: JETS
- Related stocks: Allegiant Travel (NASDAQ:ALGT), Hawaiian Holdings (NASDAQ:HA), JetBlue (NASDAQ:JBLU), Spirit Airlines (NYSE:SAVE), Mesa Airlines (NASDAQ:MESA), United Continental (NASDAQ:UAL), Delta Air Lines (NYSE:DAL), Alaska Air Group (NYSE:ALK).