It’s been a bumpy first week of the year for travel stocks.
Airline and cruise operators rebounded for a second day in a row on Friday, a reversal from the prior two sessions.
American Airlines (AAL) gained more than 3% midday, adding to Thursday’s 1% gain when oil prices dipped, signaling lower fuel costs for airline operators.
American had been on a losing streak for the prior seven sessions, exacerbated earlier this week by images of a Japan Airlines crash in Tokyo.
Delta (DAL) and United (UAL) also extended gains on Friday, up more than 3.5% over the past two days.
Cruise operator Carnival (CCL) was trading almost 4% higher on Friday following a Wells Fargo rating upgrade to Overweight from Equal-weight, with analysts at the firm maintaining a $22 stock price target.
Peer Norwegian Cruise Line (NCLH) was trading 1.5% higher, despite a downgrade from Wells Fargo analysts to…
