Thursday, 17 July 2014

DAL, UAL - airlines take a dive

With the broader market seeing significant declines after news of a downed Malaysia jet, it was no surprise to see particular weakness in the airline sector. Delta (DAL) and United Continental (UAL) both settled lower by -3.4%. Broader outlook remains bullish.

DAL, daily

UAL, daily


Suffice to say, with the main market rocked by the loss of a Malaysia passenger jet, the air line stocks were naturally especially hard hit.

However, the broader upward trends remain firmly intact - especially for the more stable Delta, and much higher levels are viable later this summer.