Airlines, cruise operators gain as oil slides to 11-day low
Shares of major US airlines and cruise operators gained premarket as crude prices slipped to an 11-day low. American Airlines, United Airlines, and Delta Air Lines rose more than 2% each, while Southwest Airlines was ahead 1.7%. Carnival Corp advanced 2%, Norwegian Cruise Line Holdings added 1.7%, and Royal Caribbean gained 1.5%. Oil prices eased as investors hoped for diplomatic progress on resolving the US-Iran war due to this week's UN meeting, and eyed a partial recovery in shipments from Saudi Arabia.
S. airlines and cruise operators are gaining in premarket trade after crude slipped to an 11-day low. 7%. 5%.
Oil prices eased as investors looked for diplomatic progress on the US-Iran war ahead of this week's UN meeting and watched for a partial recovery in shipments from Saudi Arabia, while fuel remains among the largest operating costs for airlines and cruise operators. 2% YTD.