Airline stocks had a strong day, with United Airlines (UAL), American Airlines (AAL), and Delta Airlines (DAL) posting strong gains. The main reason for the rise in airline stocks was UAL’s better-than-expected earnings report and strong guidance, which comes just days after Delta missed its earnings. Having struggled for years, UAL seems to have overcome some of its headwinds, which is an encouraging sign; after reducing routes and increasing prices, UAL is seeing its efforts pay off. If you look closely at the Industrial sector in the StockCharts MarketCarpets, you’ll find these three companies represented as dark green squares. FIGURE 1. MARKET CARPET FOR OCTOBER 16, 2024. It was a big day for airline stocks with United Airlines, American Airlines, and Delta Airlines as the top three performers.Image source: StockCharts.com. For educational purposes. The monthly chart of UAL below shows the stock price has broken out of a triangle pattern,…
