Airline Stock Roundup: Labor Deal At Southwest Airlines, Strike At O'Hare Airport In Focus
Zacks Investment Research | Nov 22, 2016 08:57PM ET
The past week saw quite a few developments in the airline space. Appearance technicians of Dallas-based low-cost carrier Southwest Airlines (NYSE:LUV) ratified a four-year tentative deal, once again highlighting the fact that labor deals are very much in vogue in the airline space. However, Latin American carrier GOL Linhas (NYSE:GOL) reported disappointing traffic data for the month of October.
With travel rush expected to surge over the next few days, passengers breathed a sigh of relief as the workers’ strike at Chicago’s O’Hare International airport is scheduled for Nov 29. This will help to avoid disruption in business during busiest days in the Thanksgiving holiday period. Germany’s Lufthansa (OTC:DLAKY) was also in the news due to labor trouble.
The past week also saw the Bureau of Transportation Services revealing data on air fares for October. According to the report, ticket prices have fallen for the third time in the last four months. Expansion related updates also came in from Alaska Air Group’s (NYSE:ALK) subsidiary, Alaska Airlines.
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