Airlines Lose -4.64% in 1W - $AAL, $DAL, $LUV, $SAVE, $UAL and More
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Airlines Lose -4.64% in 1W - Buy/Sell Ratings: Strong Sell! 📉
Introduction
The airline industry, which encompasses passenger air transportation, has had its fair share of turbulence in the past week. These challenges have culminated in a significant -4.64% loss across the sector. In this blog, we'll dive into the world of airlines, exploring how recent market movements have impacted key players in the industry.
Tickers in This Group:
- $ATSG, $HA, $SKYW, $ALGT, $SAVE, $JBLU, $CPA, $ALK, $LUV, $UAL, $DAL, $RYAAY, $VLRS, $AAL, $AZUL, $SNCY and $ULCC.
Industry Description
The airlines industry is responsible for passenger air transportation, including both scheduled and non-scheduled routes. This sector has evolved dramatically, thanks to the advent of low-cost carriers and discount pricing, making air travel accessible to a broader global population. Delta Air Lines Inc., Southwest Airlines Co, and United Continental Holdings, Inc. are among the top players in the U.S. airline market.
Market Cap
Within the Airlines Industry, the average market capitalization stands at approximately 6.5B. Individual companies' market caps within the sector range from 9.4K to 26.8B, with Delta Air Lines Inc. (DAL) holding the highest valuation and KLMR at the lower end.
High and Low Price Notable News
Price fluctuations have been noteworthy in the airline sector over the past week. Weekly prices dropped by an average of -2.27%. On a monthly scale, there was a 6.45% increase, and over the quarter, a 10.15% growth was observed. Notably, ANZLY experienced the highest price growth at 10.53%, while JBLU saw the most substantial decline at -12.65%.
Volume
Weekly trading volume statistics show a significant 55.7% increase in trading activity within the Airlines Industry. Monthly volume growth averaged at 18.1%, while quarterly volume growth was -33.28%.
Fundamental Analysis Ratings
Let's look at some fundamental analysis ratings for insight into the sector's health, with ratings ranging from 1 (best) to 100 (worst):
- Valuation Rating: 57
- P/E Growth Rating: 63
- Price Growth Rating: 55
- SMR Rating: 68
- Profit Risk Rating: 91
- Seasonality Score: -8 (-100 ... +100)
Key Players
Among the noteworthy companies in this sector are Delta Air Lines (DAL), Southwest Airlines Co (LUV), United Airlines Holdings (UAL), American Airlines Group (AAL), and JetBlue Airways Corp (JBLU). These companies play vital roles in shaping the airline industry landscape.
Market Movements
Let's take a closer look at some of the key market movements among these airlines:
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$UAL - United Airlines Holdings, Inc. ($49.53): UAL experienced a significant decline of -6.46% this week, signaling a potential downtrend reversal.
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$SAVE - Spirit Airlines, Inc. ($16.88): SAVE was a standout performer, with a +5.43% weekly jump.
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$DAL - Delta Air Lines, Inc. ($43.02): DAL also faced a challenging week, declining by -6.05%, with expectations of a downtrend reversal.
Notable Trends
Several indicators suggest a negative outlook for this group of airlines. Tickeron predicts a further decline of over 4.00% within the next month, with a likelihood of 73%.
Additionally, 10 stocks in this group exhibit a similar negative trend based on the Momentum indicator, with an average likelihood of 77%.
The airline industry's recent -4.64% loss highlights the challenges faced by key players. Despite this, opportunities for growth and transformation persist. Investors should carefully evaluate these developments when devising their investment strategies in the airline sector.
Certainly, let's dive deeper into the descriptions of the individual ticker symbols mentioned in the blog:
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$AAL - American Airlines Group Inc.
- American Airlines Group (AAL) is one of the major players in the U.S. airline industry. Headquartered in Fort Worth, Texas, it operates both domestic and international flights. AAL has a significant market capitalization and is known for its extensive route network. However, recent market trends have placed AAL in a challenging position, with expectations of a downtrend reversal.
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- Delta Air Lines (DAL) is another prominent U.S. airline with a global reach. Based in Atlanta, Georgia, DAL is known for its comprehensive service offerings. However, DAL experienced a substantial -6.05% decline over the past week, raising concerns of a possible downtrend reversal.
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- Southwest Airlines Co (LUV) is renowned for its low-cost carrier model and is headquartered in Dallas, Texas. Despite its reputation for affordability and quality service, LUV also faced challenges recently, with its weekly performance being closely monitored.
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- Spirit Airlines (SAVE) is known for its ultra-low-cost carrier approach, attracting budget-conscious travelers. SAVE experienced a noteworthy +5.43% weekly increase, demonstrating resilience in the competitive airline industry.
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$UAL - United Airlines Holdings, Inc.
- United Airlines Holdings (UAL) is a major player in the airline sector, serving both domestic and international routes. UAL faced a considerable -6.46% decline this week, suggesting the possibility of a downtrend reversal.
These descriptions provide a snapshot of each airline's position in the market and recent performance trends. Investors should conduct thorough research and consider these factors when making investment decisions in the airline industry.
ATSG in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 03, 2024
ATSG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where ATSG's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on ATSG as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ATSG just turned positive on October 11, 2024. Looking at past instances where ATSG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
ATSG moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ATSG crossed bullishly above the 50-day moving average on October 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ATSG advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 175 cases where ATSG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ATSG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ATSG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.727) is normal, around the industry mean (3.761). P/E Ratio (53.967) is within average values for comparable stocks, (41.175). ATSG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.613). ATSG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.039). P/S Ratio (0.551) is also within normal values, averaging (1.458).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ATSG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of air freight services
Industry Airlines