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Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store Continues
Airline Stocks Outperform Tech In 2024: Holiday Travel 'Expected To See Records This Year'
Soaring 60% in a year! American Airlines stock achieves its best performance in a decade.
So far this year, the S&P Super Comprehensive Airlines Index has risen by 60%, far exceeding the S&P 500 Index's increase of 27%, with several airlines, including JetBlue Airways and Southwest Airlines, revising their earnings forecasts for the fourth quarter of 2024. Barclays expects the fundamentals of the airline industry to improve significantly in 2025, with stronger profit margins and earnings outlooks for many airlines.
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