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What's Going On With Delta, American And Southwest Airlines Shares Monday?
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What's Going On With Delta, American And Southwest Airlines Shares Monday?
Jan 6, 2025 1:46 PM

Delta Air Lines ( DAL ) , American Airlines Group, Inc ( AAL ). and Southwest Airlines Company ( LUV ) shares traded higher on Monday. Here’s what you need to know.

What To Know: Airlines and other travel-related stocks moved higher on Monday after Transportation Security Administration (TSA) traveler screening data showed record travel figures for the end of 2024.

Near the end of last week, TSA posted on X that it screened almost 39 million individuals from Dec. 19 through Jan. 2, marking its “busiest end of year travel period ever.” For all of 2024, TSA said officers screened a record 904 million people at airport checkpoints across the nation.

The government agency reported that 2,172,907 travelers were screened on New Year’s Eve, 2,039,342 were screened on Christmas and 1,551,896 were screened on Thanksgiving.

The increase in TSA screenings indicates strong demand for air travel during the holiday season, which may boost ticket sales and revenue for airlines. Additionally, the high number of passengers highlights the resilience of the travel industry, suggesting continued post-pandemic growth.

Investors won’t have to wait long to get holiday travel data from the airlines. Notably, Delta is expected to release 2024 fourth-quarter and fiscal-year earnings at the end of the week. Analysts expect quarterly earnings per share of $1.76 and revenue of $14.19 billion, according to estimates from Benzinga Pro. Several other airlines are scheduled to report earnings in the coming weeks.

See Also: Gemini Resolves CFTC Lawsuit With $5M Settlement Over Bitcoin Futures Misstatements

DAL, AAL, LUV Price Action: Delta shares shares closed Monday up 1.75% at $60.03, American shares closed the day up 3.24% at $17.52 and Southwest ( LUV ) shares closed up 0.62% at $33.82, according to data from Benzinga Pro.

Image via Shutterstock

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