Industrial stocks gain, American Airlines jumps by 5.4pc

Business | 24 Jan 2020 11:29 am

Industrial stocks also climbed on Thursday on Wall Street, helped by solid earnings from American Airlines Group.

Strong travel demand resulted in record occupancy levels on its planes, though the airline noted it had to cancel about 10,000 flights during the fourth quarter because of the grounding of the Boeing 737 Max jets. Its stock climbed by 5.4 percent and helped lift other airlines. Southwest Airlines gained by 3.6 percent and Alaska Air Group added 2.4 percent.

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