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Cheaper Gas, Pricier Flights: Airline Stocks Rally On July Inflation Report
Cheaper Gas, Pricier Flights: Airline Stocks Rally On July Inflation Report

Yahoo

time6 days ago

  • Business
  • Yahoo

Cheaper Gas, Pricier Flights: Airline Stocks Rally On July Inflation Report

Airline stocks rallied Tuesday after July's inflation report showed ticket prices jumping while gasoline costs — a key industry expense — dropped sharply. This gave carriers a rare double boost. JETS ETF is moving fast. Airline fares jumped 4% from June, while gasoline prices dropped 1.9% over the month and are now 9% lower than a year ago. The dual move means carriers can charge more while paying less for one of their biggest operating costs, a setup that sent airline shares sharply higher. By late morning in New York, Alaska Air Group Inc. (NYSE:ALK), American Airlines Group Inc. (NASDAQ:AAL), Delta Air Lines Inc. (NYSE:DAL) and United Airlines Holdings Inc. (NASDAQ:UAL) were each up between 7% and 8%. The U.S. Global JETS ETF (NYSE:JETS) — a key benchmark for the industry — soared 5.7%, the largest gain in over a month and the third biggest since October 2022. The Dow Jones Transportation Index jumped 2.8%, outpacing the broader market's gains and eyeing its best performance since May. What's Getting Cheaper, What's Getting More Expensive The CPI report showed mixed news for U.S. consumers. While gasoline provided relief at the pump, several everyday expenses moved higher. A notable price jump was recorded in transportation services, which climbed 0.8% for the month and remain 3.5% higher than a year ago. Medical care services also accelerated, rising 0.8% in July and 4.3% year-over-year, with dental services and hospital care driving much of the increase. Used car prices rose 0.5% in the month and 4.8% from last year. Transportation services increased 0.8% month-over-month and are up 3.5% compared to the same period last year. Gasoline prices fell by 1.9%, or 9% on an annual basis, helping to contain headline inflation. Meanwhile, energy services posted a 0.3% monthly decline, though their annual gain remains steep at 7.2%, led by utility gas service's 13.8% jump from July 2024. Grocery prices, classified as "food at home,' were flat in July but still 2.9% higher than last year, while dining out — "food away from home" — rose 0.3% in the month and is up 3.9% over the past year. Shelter costs — the largest component of CPI — were up 0.2% for the month and 3.7% over the MoM Change (Jul 2025) YoY Change (Jul 2025) All Items +0.2% +2.7% Food 0.0% +2.9% Food at Home -0.1% +2.2% Food Away from Home +0.3% +3.9% Energy -1.1% -2.2% Energy Commodities -1.6% -9.0% Gasoline (All Types) -1.9% -9.5% Fuel Oil +1.8% -2.9% Energy Services -0.3% +7.2% Electricity -0.1% +5.5% Utility (Piped) Gas Service -0.9% +13.8% All Items Less Food & Energy +0.3% +3.1% Commodities Less Food & Energy +0.2% +1.2% New Vehicles 0.0% +0.4% Used Cars & Trucks +0.5% +4.8% Apparel +0.1% -0.2% Medical Care Commodities +0.1% +0.1% Services Less Energy Services +0.4% +3.6% Shelter +0.2% +3.7% Transportation Services +0.8% +3.5% Medical Care Services +0.8% +4.3% Market Reactions: Investors Flock Into Transportation Stocks, Healthcare Giants The travel-related rally spilled over into cruise lines, with Carnival Corp. (NYSE:CCL) up 2.7%, Royal Caribbean Group (NYSE:RCL) gaining 2.2% and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) rising 1.6%. Shipping and logistics stocks climbed too, with Old Dominion Freight Line Inc. (NASDAQ:ODFL) up 3.8% and FedEx Corp. (NYSE:FDX) adding 3.3%. Uber Technologies Inc. (NYSE:UBER) rose 1.7%. Healthcare stocks benefited from the uptick in medical costs, with UnitedHealth Group Inc. (NYSE:UNH) up 3.7%. Now ReadImage: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Cheaper Gas, Pricier Flights: Airline Stocks Rally On July Inflation Report originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Alaska Air Amends Term Loan Agreement
Alaska Air Amends Term Loan Agreement

Globe and Mail

time07-08-2025

  • Business
  • Globe and Mail

Alaska Air Amends Term Loan Agreement

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Alaska Air ( (ALK)) just unveiled an update. On August 6, 2025, Alaska Air Group, Inc. amended its Term Loan Credit and Guaranty Agreement, initially dated October 15, 2024, to reprice loans under its Loyalty Term Loan Facility. This amendment, involving AS Mileage Plan IP, Ltd. and Bank of America, N.A., adjusts interest rates to a variable rate tied to Term SOFR with specific margins, potentially impacting the company's financial strategy and stakeholder interests. The most recent analyst rating on (ALK) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Alaska Air stock, see the ALK Stock Forecast page. Spark's Take on ALK Stock According to Spark, TipRanks' AI Analyst, ALK is a Neutral. Alaska Air's financial recovery and strategic expansion drive a positive outlook, despite challenges with leverage and cash flow. Technical indicators and valuation suggest moderate upside potential, while earnings call and corporate events reinforce growth prospects. Attention to cost management and leverage is essential for continued success. To see Spark's full report on ALK stock, click here. More about Alaska Air Alaska Air Group, Inc. operates in the airline industry, providing air transportation services primarily through its subsidiaries, Alaska Airlines, Inc. and AS Mileage Plan Holdings Ltd. The company focuses on offering passenger and cargo services, with a significant emphasis on its loyalty program to enhance customer retention and engagement. Average Trading Volume: 2,812,119 Technical Sentiment Signal: Buy Current Market Cap: $6.13B Learn more about ALK stock on TipRanks' Stock Analysis page.

Australia's Qantas Airways Says 6M Customer Records Accessed in Cyberattack
Australia's Qantas Airways Says 6M Customer Records Accessed in Cyberattack

Yahoo

time02-07-2025

  • Business
  • Yahoo

Australia's Qantas Airways Says 6M Customer Records Accessed in Cyberattack

Qantas Airways said 6 million customers had their personal data exposed by a cybersecurity incident. Names, frequent flyer numbers, and other identifiers were accessed, but not financial or passport info, the carrier said. Last week, Alaska Air-owned Hawaiian Airlines also reported a data Airways said a cybersecurity incident at one of its call centers exposed 6 million customer records, the second carrier in as many weeks to be the subject of a cyberattack. The incident occurred when a cyber criminal gained access to a third-party customer servicing platform at one of Australian carrier's call centers, potentially exposing customers' names, birth dates, frequent flyer numbers and other personal information. However, Qantas said credit card numbers, PINs, and passport details were not held in the same system, so thus not put at risk. The company said it has informed federal authorities in Australia and is conducting an investigation. Qantas stock closed 2% lower Wednesday on the Australian Securities Exchange. The incident comes less than a week after Alaska Air Group (ALK)-owned Hawaiian Airlines said it was "continuing to address a cybersecurity event" that affected some of its IT systems. In both cases, the airlines said passenger travel has not been affected. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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