Airline and cruise stocks experienced gains. Delta Air Lines (DAL) rose by 1.5%, Royal Caribbean Cruises (RCL) increased by over 1.9%, Carnival Corporation (CCL) climbed 1.4%, Norwegian Cruise Line (NCLH) surged more than 2%, and United Airlines (UAL, Financial) was up 1.3%.
The International Air Transport Association announced its expectation of moderate growth in profits and operating revenue for the airline industry by 2025, despite ongoing supply chain challenges.