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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 +5.61% 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 +3.85% rallied 2.1%, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +5.32% rose 1.6%, Southwest Airlines Co. /zigman2/quotes/222210431/composite LU +6.91% hiked up 1.3% and Alaska Air Group Inc. /zigman2/quotes/200972303/composite ALK +3.99% tacked on 1.2%. Meanwhile, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +5.44% 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 +3.91% 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 +0.10% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.49% fell 0.8%.

/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 22.40
+1.19 +5.61%
Volume: 39.18M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.37 billion
Rev. per Employee
$168,812
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 19.68
+0.73 +3.85%
Volume: 5.38M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.23 billion
Rev. per Employee
N/A
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 46.31
+2.34 +5.32%
Volume: 11.54M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$29.62 billion
Rev. per Employee
$231,014
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/zigman2/quotes/222210431/composite
US : U.S.: NYSE
$ 11.60
+0.75 +6.91%
Volume: 5.83M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.56 billion
Rev. per Employee
$95,092
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/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 69.84
+2.68 +3.99%
Volume: 1.45M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.69 billion
Rev. per Employee
$162,113
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 55.28
+2.85 +5.44%
Volume: 14.50M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$17.89 billion
Rev. per Employee
$206,384
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 26.28
+0.99 +3.91%
Volume: 3.66M
May 14, 2021 4:00p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,173.25
+4.35 +0.10%
Volume: 1.46M
May 14, 2021 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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