Themes / Group
Inactive · newly observed relationshipLatest completed snapshot · Jun 16 · 13:38 ET

MARKET-DISCOVERED GROUP

Airline Stocks

THE TRADER READRecurring relationship, inactive in the latest snapshot

Price direction is split across 9 measured members. Capital-flow confirmation is unavailable.

Price breadth8 up · 1 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowCalmActivity score 11/100 · lift 0.8×
Evidence depth1 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, NOV 5ALGT filing documented shared operating contextcredit / rates affecting interest expense · date precision only

TUE, FEB 17AAL filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

12/14 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AAL, ALGT, JBLU, META, ROAD, ULCC.

credit / rates affecting interest expense

“Interest expense, net decreased $218 million, or 11.2%, in 2025 compared to 2024 primarily due to lower interest rates on our variable-rate debt instruments and lower outstanding debt in 2025, as we continue our efforts to strengthen the balance sheet.”

AAL 10-K · 2026-02-18
demand / volume affecting revenue

“Prior Year (in millions) Total Operating Revenue Passenger Revenue RPMs ASMs Yield RASM Domestic $ 2,931 6% 1% 3% 4% 4% Latin America 217 (13)% (19)% (17)% 8% 8% Pacific 152 2% 12% 9% (9)% (9)% Total $ 3,300 4% —% 2% 4% 3% 20 Passenger revenue Passenger revenue increased $112 million, or 4%, primarily driven by higher yield from premium cabin demand and strong managed corporate travel.”

ALK 10-Q · 2026-05-07
demand / volume

“These increases were partially offset by softer demand in certain leisure markets, including Puerto Vallarta and Hawai'i, during spring break and peak summer travel in 2026.”

ALK 10-Q · 2026-08-04
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

LUVNot confirming

JBLU · text peer

HTZNot confirming

AAL · text peer

CVLGNot confirming

AAL · text peer

VTOLNot confirming

SKYW · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
ALKAALSKYWROADDALFUALMFCMETAALGTCDREJBLUSNCYULCC

5/14 active8 rising · 1 falling

MemberUnusual activityToday's moveRead now
ALKAlaska Air Group, Inc.
Most unusual · 100/100
+0.6%
Active; unclassifiedActive in 0% of observed group sessions
AALAmerican Airlines Group Inc.
Elevated · 87/100
+2.2%
Active; unclassifiedActive in 0% of observed group sessions
SKYWSkyWest, Inc.
Elevated · 83/100
+0.3%
Active; unclassifiedActive in 0% of observed group sessions
ROADConstruction Partners, Inc.
Elevated · 68/100
-0.8%
Active; unclassifiedActive in 0% of observed group sessions
DALDelta Air Lines, Inc.
Elevated · 66/100
+1.7%
Active; unclassifiedActive in 0% of observed group sessions
FFord Motor Company
Quiet · 52/100
+2.9%
Watch / laggardActive in 0% of observed group sessions
UALUnited Airlines Holdings, Inc.
Quiet · 47/100
+1.3%
Watch / laggardActive in 0% of observed group sessions
MFCManulife Financial Corporation
Quiet · 43/100
+0.1%
Watch / laggardActive in 0% of observed group sessions
METAMeta Platforms, Inc.
Quiet · 0/100
+0.7%
Watch / laggardActive in 0% of observed group sessions
ALGTAllegiant Travel Company
Quiet · 0/100
—
Watch / laggardActive in 0% of observed group sessions
CDRECadre Holdings, Inc.
Quiet · 0/100
—
Watch / laggardActive in 0% of observed group sessions
JBLUJetBlue Airways Corporation
Quiet · 0/100
—
Watch / laggardActive in 0% of observed group sessions
SNCYSun Country Airlines Holdings,
Quiet · 0/100
—
Watch / laggardActive in 0% of observed group sessions
ULCCFrontier Group Holdings, Inc.
Quiet · 0/100
—
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
ALKAlaska Air Group, Inc.Most unusual+0.6%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
AALAmerican Airlines Group Inc.Participating+2.2%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
SKYWSkyWest, Inc.Participating+0.3%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
ROADConstruction Partners, Inc.Participating-0.8%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
DALDelta Air Lines, Inc.Participating+1.7%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
FFord Motor CompanyQuiet / lagging+2.9%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
UALUnited Airlines Holdings, Inc.Quiet / lagging+1.3%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
MFCManulife Financial CorporationQuiet / lagging+0.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
METAMeta Platforms, Inc.Quiet / lagging+0.7%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ALGTAllegiant Travel CompanyQuiet / lagging—0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
CDRECadre Holdings, Inc.Quiet / lagging—0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
JBLUJetBlue Airways CorporationQuiet / lagging—0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
SNCYSun Country Airlines Holdings,Quiet / lagging—0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ULCCFrontier Group Holdings, Inc.Quiet / lagging—0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support1 dayHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-06-1014 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AAL0% · 0 episodes
ALGT0% · 0 episodes
ALK0% · 0 episodes
CDRE0% · 0 episodes
DAL0% · 0 episodes
F0% · 0 episodes
JBLU0% · 0 episodes
META0% · 0 episodes
MFC0% · 0 episodes
ROAD0% · 0 episodes
SKYW0% · 0 episodes
SNCY0% · 0 episodes
UAL0% · 0 episodes
ULCC0% · 0 episodes