Lawmakers Grill United CEO Munoz: This Is Why Airline Stocks Are Flying

Even as a House panel tried to grill United Airlines (UAL) CEO Oscar Munoz and other industry executives Tuesday, shares of top airlines were market leaders. So far the congressional hearing amounted to lawmakers venting and warning, but not signaling a push for new legislation. Meanwhile, new industry data suggest airlines are getting better at packing planes to capacity.

Delta Air Lines (DAL) reported positive unit revenue — a measure of sales in relation to an airline's flight and...

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