- Airline stocks are in rally mode after JPMorgan points to another round of fare increases in the U.S.
- JP analyst James Baker says American Airlines (AAL +5.2%), Southwest Airlines (LUV +2.8%) and Hawaiian Airlines (HA +2.5%) all fired off increases of varying degrees on domestic flights.
- Notable gainers included Spirit Airlines (SAVE +2.8%), Mesa Air (MESA +2.8%), Delta Air Lines (DAL +2%), United Continental (UAL +3.6%), Allegiant Travel (ALGT +3%) and SkyWest (SKYW +2.1%).
- Today's rally arrives even with crude oil prices up over 3%.
- Previously: Air fares bounce back in May (June 12)