Shares of airline companies are trading higher in response to President Donald Trump‘s social media post indicating that the U.S. will work closely with Iran and that many of the 15 points in the proposed plan to deescalate the war have been agreed to. The industry may also be experiencing strength in response to Delta Air Lines’ (NYSE:DAL) first-quarter sales beat.
- United stock is charging ahead with explosive momentum. What’s fueling UAL momentum?
Trump Post Sparks Oil Selloff, Airlines Rise
Crude oil prices dropped sharply after Trump's social media post signaled progress toward a broader agreement with Iran.
West Texas Intermediate crude fell roughly 17% to around $93 per barrel early Wednesday, marking one of its steepest single-session declines in years.
Lower oil prices can reduce fuel costs for airlines, helping lift shares across the sector.
The move reflects a position unwind as traders reverse bets tied to a potential disruption in the Strait of Hormuz, a key global oil transit route.
Trump said in the post that there would be no enrichment of uranium and that the U.S. would work with Iran on tariff and sanctions relief, adding that many elements of a broader agreement have already been reached.
Some airline stocks moving higher on the news include United Airlines Holdings, Inc. (NASDAQ:UAL), American Airlines Group, Inc. (NASDAQ:AAL) and Southwest Airlines Company (NYSE:LUV).
Airline Stocks Rise
Price Action: At the time of publication, American Airlines shares are trading 11.01% higher at $12.00, United stock is trading 12.39% higher at $100.35, Southwest shares are trading 12.75% higher at $42.69, according to data from Benzinga Pro.
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