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Feb. 22, 2021, 7:43 a.m. EST

Airline stocks rally, led by American Airlines, after Deutsche Bank's sector-wide upgrade to buy

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By Tomi Kilgore

Airline stocks are set up for a broad rally, led by American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL -1.70% shares, after Deutsche Bank analyst Michael Linenberg said it was time to buy into the sector as COVID-19 cases, hospitalizations and vaccination rates are all trending in the right direction. He upgraded nine U.S.-based airlines to buy from hold. "As our upgrade is a sector-wide call, we are of the view that all of our names could see material upside from current levels," Linenberg wrote in a note to clients. Among the biggest premarket gainers, shares of American Airlines shot up 5.8%, JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU -0.42% rallied 2.1%, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL -1.24% rose 1.6%, Southwest Airlines Co. /zigman2/quotes/222210431/composite LU -1.23% hiked up 1.3% and Alaska Air Group Inc. /zigman2/quotes/200972303/composite ALK -0.97% tacked on 1.2%. Meanwhile, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -1.10% edged up 0.3%, after an engine on Flight 328 blew apart midflight on Saturday. The U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -1.01% climbed 1.4% ahead of the open, putting it on track to open at a one-year high, while futures /zigman2/quotes/209948968/delayed ES00 -0.38% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.42% fell 0.8%.

/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 21.66
-0.38 -1.70%
Volume: 12.11M
April 19, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.16 billion
Rev. per Employee
$168,812
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 20.22
-0.09 -0.42%
Volume: 2.49M
April 19, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.54 billion
Rev. per Employee
N/A
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 46.06
-0.58 -1.24%
Volume: 4.53M
April 19, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$29.88 billion
Rev. per Employee
$231,014
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/zigman2/quotes/222210431/composite
US : U.S.: NYSE
$ 13.63
-0.17 -1.23%
Volume: 1.17M
April 19, 2021 11:30a
P/E Ratio
17.79
Dividend Yield
N/A
Market Cap
$33.73 billion
Rev. per Employee
$95,092
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/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 68.66
-0.67 -0.97%
Volume: 441,773
April 19, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.64 billion
Rev. per Employee
$162,113
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 55.26
-0.61 -1.10%
Volume: 5.74M
April 19, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.16 billion
Rev. per Employee
$206,384
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 26.17
-0.27 -1.01%
Volume: 1.24M
April 19, 2021 11:30a
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,160.25
-16.05 -0.38%
Volume: 693,787
April 19, 2021 10:20a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,167.79
-17.68 -0.42%
Volume: 659.92M
April 19, 2021 11:30a
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