Airline stocks are moving notably higher during trading on Tuesday, led by United Airlines parent UAL Corp. (UAUA), which is advancing amid news of a pickup in traffic.
The strength in the airline sector is reflected by the 3.7 percent gain currently being shown by the NYSE Arca Airline Index. With the gain, the index is recovering from its recent pullback, looking to close at a fresh two-year high.
UAL Corp. is turning in one of the sector's strongest performances, with the company's stock currently up 8.4 percent. With the gain, the stock has shot up to its best intraday price in just under two years.
The advance comes after United Airlines, a subsidiary of UAL, reported that its traffic for February grew 2.1 percent, while its load factor improved 5.7 points to 78.7 percent from 73.0 percent in February 2009.
Also within the sector, American Airlines parent AMR Corp. (AMR) is seeing a strong upward move, posting a gain of 8.6 percent and breaking out to its best intraday price in over a year.
US Airways Group Inc. (LCC) and Continental Airlines Inc. (CAL) are also moving notably higher, among others, further contributing to the strength in the sector.
Meanwhile, Ryanair Holdings (RYAAY) is bucking to uptrend in the sector, sliding by 0.6 percent and hitting its lowest intraday price in roughly three weeks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.