Markets

Major airline stocks back up as price of oil falls with Israel-Iran tensions reportedly easing

Oil prices are falling today amid reports that Iran is urgently seeking to de-escalate and reach a ceasefire with Israel. Crude oil futures were down about 2% on Monday afternoon.

That has major airline stocks climbing back up after they originally plunged on Friday following Israel’s initial strikes, oil’s biggest intraday jump since Russia invaded Ukraine, and the closure of airspace across several Middle Eastern countries.

United Airlines, American Airlines, and Delta Air Lines were all up about 5% on Monday afternoon. Southwest Airlines, JetBlue, and others rose about 2%. The NYSE Arca Airline Index climbed by about 4%.

More Markets

See all Markets

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.