Originally Posted by
The Situation
News broke of the program changes on September 13, so measuring since close of business on September 12 against peers would tell you if the announcement has had anything to do with stock performance.
DAL - Down 4.06%
UAL - Down 3.23%
AAL - Down 4.21%
ALK - Down 4.48%
In conclusion, the program changes have had no impact on stock performance since performance is in line with peers.
People shorting or selling their airline positions due to high oil prices, demand reduction, and increased capacity. Q3 revenue projections were based on oil being priced significantly lower, so it is highly likely airlines will miss their projected income numbers because fuel accounts for 20%-30% of an airlines cost.