U.S. Airways Group Shares Popped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of U.S. Airways Group (NYS: LCC) jumped 10% late in the day today after bouncing around in early trading.
So what: The stock is trading higher after the company announced that its July unit revenue rose 8% and traffic increased 4.9%. Part of the unit revenue increase is thanks to increased ticket prices that were implemented earlier this year.
Now what: This is good news, but it could be a bit of a dead-cat bounce, as shares have tanked since early July. This could help end the skid, but I still wouldn't have any confidence to jump into the shares. Airline stocks are extremely risky, and with economic growth uncertain, I'm inclined to look for safer investments.
Interested in more info on U.S. Airways Group? Add it to your watchlist.
At the time this article was published Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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