12.96 -0.04 (-0.31%)
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Southwest Airlines CEO Gary Kelly says the airline must expand to new destinations to remain competitive after reporting Q3 earnings.
Coming into earnings season, investors knew the airline industry had a terrible third quarter, but they were less certain about what management would say about what lies ahead. Shares of JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) each traded up 8% as of 2:15 EDT, while shares of Hawaiian Holdings (NASDAQ: HA) were up 7%, and Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL) were each up more than 5% apiece.
JetBlue today announced it has reached a tentative agreement with the Transport Workers Union (TWU).