Support Skift’s Independent Journalism

Skift’s editors and reporters produce over 150 exclusive stories every month. We are the leading source of news for the global travel industry.

Airline stocks stabilized Friday, a day after the shares were pummeled following a terrorist attack in Spain during the busy summer travel season.

Shares of American Airlines Group Inc. fell 48 cents to $45.55; United Continental Holdings Inc. rose 5 cents to $64.75; Southwest Airlines Co. gained 2 cents to $53.17; and Delta Air Lines Inc. was unchanged at $47.53. The four stocks had each fallen from about 3 to 5 percent Thursday.

Cowen analyst Helane Becker said in a note to clients that travel bookings would probably slow “for a few days” after the Barcelona attack but pick up in September.

Airline stocks have slumped since mid-July over concern the carriers are diluting prices by adding seats too quickly. Becker said the pullback created a buying opportunity for investors.

Warren Buffett’s Berkshire Hathaway Inc. disclosed this week that it trimmed its airline investments. The firm’s stakes in American, Delta, United and Southwest fell by about $415 million on Thursday and $20 million on Friday. They’re still worth more than $9 billion.

This article was written by The Associated Press from The Associated Press and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to

Photo Credit: An American Airlines aircraft shown on July 13, 2017. A Cowen analyst argues it's a good time to buy airline stocks after share prices fell following the attacks in Spain. American Airlines