Airline stocks are moving higher Wednesday in sympathy with United Airlines Holdings Inc ( UAL ) , which reported better-than-expected financial results.

American Airlines Group Inc ( AAL )

Delta Air Lines Inc ( DAL )

Southwest Airlines Co ( LUV )

JetBlue Airways Corp ( JBLU )

Spirit Airlines Inc ( SAVE )

What Happened With UAL: United Airlines reported first-quarter revenue of $12.539 billion, which beat the consensus estimate of $12.4 billion, according to Benzinga Pro. The company reported an adjusted quarterly loss 15 cents per share, which beat analyst estimates for a loss of 57 cents per share.

Capacity was up 9.1% year-over-year, TRASM (total revenue per available seat mile) was up 0.6% and CASM (cost per available seat mile) was down 0.6%.

United Airlines reiterated expectations for full-year 2024 adjusted earnings of $9 to $11 per share versus estimates of $9.67 per share. The company also said it now anticipates 61 narrowbody aircraft and 5 widebody aircraft to be delivered in 2024, given the 737 Max grounding and production capacity constraints.

Earnings Calendar: American Airlines ( AAL ) is set to report its first-quarter financial results before the market open on April 25. Analysts anticipate a loss of 29 cents per share and revenue of $12.602 billion. Southwest ( LUV ) is set to report the same day. JetBlue ( JBLU ) will report earnings before the market open on April 23. Spirit is not due to report until early May. Delta reported quarterly results last week.

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Airline Stocks Price Action: United Airlines shares were up more than 5% Wednesday morning. American Airlines ( AAL ) was up about 1.77%, Delta was up 1.18%, Southwest ( LUV ) was up 0.5%, JetBlue ( JBLU ) was up 1.38% and Spirit was up about 1.5%, according to Benzinga Pro.