Why Airline Stocks Are Trading Higher Today

Randy Elias
August 5, 2020

  • Stocks trading higher: American Airlines Group Inc. (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL) and United Airlines Holdings, Inc. (NASDAQ:UAL)
  • Reason: Report suggests U.S. senators show support for another round of payroll assistance.
  • Get more breakout stocks based on trade signals. 

Shares of several airline companies such as American Airlines Group Inc. (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL) and United Airlines Holdings, Inc. (NASDAQ:UAL) are trading higher following a report suggesting some senators are showing support for another round of payroll assistance.

According to a CNBC report, "Sixteen Republican senators on Wednesday backed $25 billion in additional federal aid to support airline industry jobs as a spike in coronavirus cases in the U.S. hurt a modest recovery in flight demand in recent weeks."

American Airlines' stock was trading up 11.40% at $12.78 per share on Wednesday at the time of publication. The company has a 52-week high of $31.67 and a 52-week low of $8.25.

Delta's stock was trading up 3.80% at $26.65. The company has a 52-week high of $62.48 and a 52-week low of $17.51.

United Airlines' stock was trading up 5.22% at $33.97. The company has a 52-week high of $95.16 and a 52-week low of $17.80.