By Market News Video Staff, Wednesday, November 3, 11:45 AM ET
Airline stocks are trending higher today after Standard & Poor’s hiked American Airlines parent AMR’s (AMR) credit rating outlook to “stable.” AMR shares are trading up 5.1%.
Also today, US Airways (NYSE:LCC) posted a 6.9% increase in traffic, although it saw slower unit revenue growth.
Delta Air Lines (NYSE:DAL) flight attendants vote today on unionization.
The Guggenheim Airline ETF (FAA) is trading down 0.21% Wednesday. American Airlines makes up 3.72% of its portfolio, while US Airways is 3.9%, and Delta is 14.84%. Its largest holding is United Continental (NYSE:UAL), at 18.83%.
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