Shares of air carriers enjoyed broad gains ahead of Monday's open, as data from the Transportation Security Administration showed that the number of daily travelers on Sunday topped the 1 million mark for the first time in mid-March. The U.S. Global Jets ETF (JETS) rose 1.1% in premarket trading. Among the more active U.S. air carriers, shares of American Airlines Group Inc. [s; aal] advanced 1.1%, United Airlines Holdings Inc. (UAL) gained 0.4%, Delta Air Lines Inc. (DAL) tacked on 0.3%, Southwest Airlines Co. (LUV) rose 0.7%, JetBlue Airways Corp. (JBLU) climbed 0.9% and Spirit Airlines Inc. (SAVE) hiked up 0.9%. TSA throughput data ( ) showed that 1,031,505 people went through TSA checkpoints on Sunday, the most since March 16. In comparison, the post-COVID-19 pandemic daily low was 87,534 travelers on April 14. The daily average of travelers for the week ended Sunday was 878,513, the most since the week ended March 15. The Jets ETF has dropped 44.5% year to date through Friday, while the S&P 500 has gained 7.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 19, 2020 09:09 ET (13:09 GMT)
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