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Consumer Cos Up As Airlines Cite Strong Demand - Consumer Roundup

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07/11/2019 | 04:56pm EDT

Shares of retailers and other consumer-services companies rose as strong performance from travel companies boded well for consumer spending. Delta Air Lines rose slightly after the airline raised its profit outlook for this year, citing strong demand and the effects of Boeing's 737 MAX jet issues on the capacity of competitors. Norwegian Air Shuttle said founder Bjorn Kjos was stepping down as chief executive, as the budget carrier reported a decline in earnings and booked an accounting charge. Shares of Weight Watchers International rallied after analysts at brokerage JPMorgan boosted their rating on the diet-kit company's shares. Volkswagen and Ford Motor's reported plan to team up on automated and electric vehicles would be a savvy move for both car makers, said analysts at brokerage Credit Suisse, in a note to clients. Accessories and clothing retailer Charming Charlie Holdings said it plans to close its remaining 261 stores and has permanently stopped online sales as part of its second bankruptcy filing in less than two years.

-Rob Curran, rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
GET HOLDINGS LTD 0.00% 0.42 End-of-day quote.5.00%
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