The longest government shutdown in history could soon come to an end , but the airline sector is still suffering its impact, with many flights delayed or canceled.
Broker-favored stocks like Par Pacific, General Motors and Dana show strong upgrades and earnings momentum amid market volatility.
For Wall Street, flight cancellations may not be the worst thing.
As the longest federal government shutdown in U.S. history drags on, federal workers are left in financial limbo—and the airline industry is feeling the strain as flight delays and cancellations mount at the nation's busiest airports.
American Airlines faces rising costs and softening revenues, prompting corporate job cuts and a focus on cost rationalization. AAL's Q3 results showed flat revenues, margin improvement, but continued pressure from high labor costs and challenging regional market dynamics. Despite lowering the price target from $18.65 to $16.86 due to debt concerns, AAL still offers 26% upside and maintains a buy rating.
Falls in shares of London's mining heavyweights weighed on the FTSE 100 on Tuesday morning, as copper and iron ore prices fell. Anglo American PLC (LSE:AAL) shares fell 3.4% and Antofagasta PLC (LSE:ANTO) dropped 3.1%, two of the more copper-focused miners, while Glencore PLC (LSE:GLEN) declined 2.4% and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) decreased 1.9%.
American Airlines Group Inc (NASDAQ:AAL) climbed for most of October, particularly the couple days after its mixed third-quarter earnings report on Oct. 23.
It is starting to feel crowded on the list of miners warning of thinner copper output. Anglo American PLC (LSE:AAL) has joined the queue, trimming its 2026 production plans after more disappointing grades at its big Chilean mine, Collahuasi.
Anglo American PLC's (LSE:AAL) third-quarter update was steady enough on the surface, yet Berenberg's latest note shows why investors might not want to relax just yet. The German bank has lifted its price target to 3,100p from 3,000p and kept its “Buy” rating, but the detail beneath the headline numbers tells a more nuanced story.
Anglo American PLC's (LSE:AAL) update on Tuesday was broadly in line with expectations, but investors will note a little less shine on its copper outlook for next year. The miner kept all 2025 production and cost guidance unchanged across its divisions, though flagged downside risk to 2026 copper volumes because of lower grades at Collahuasi in Chile.
Anglo American PLC (LSE:AAL) said it remains on track to meet its 2025 production targets after a steady third quarter, with chief executive Duncan Wanblad highlighting strong performances in copper and iron ore and an upgraded outlook for its Minas-Rio mine in Brazil. Copper output rose 1% to 184,000 tonnes, driven by higher grades and better plant performance at Quellaveco in Peru and Los Bronces in Chile.
Broker-favored stocks like PARR, CPS, BFH, AAL and CVI shine as Q3 earnings lift market optimism.