Industrials Up Amid Mixed Earnings -- Industrials Roundup

Published: 2026-04-23 17:30:33 ET HON

Published on 04/23/2026 at 05:30 pm EDT

Shares of industrial and transportation companies rose amid mixed earnings in the sector.

American Airlines estimated that its fuel costs would jump by $4 billion after conflict in the Middle East spurred a run-up in crude oil prices, potentially dragging it into the red for the year. American joined United Airlines and a chorus of other U.S. airlines raising fares and baggage fees to offset higher fuel costs from the Iran war.

Some airlines, including Germany's Lufthansa, are also cutting capacity heading into the busy summer travel season. Average jet fuel prices for delivery into major U.S. hubs have climbed since the start of the war, rising to $4.23 a gallon currently from around $2.50 before the conflict, reflecting how heavily global supply depends on refining capacity in the Persian Gulf.

Industrial conglomerate Honeywell International, which is in the midst of breaking up into three separate companies, issued cautious growth projections, citing the ongoing war in the Middle East.

Lockheed Martin shares tumbled after the defense contractor's quarterly earnings lagged some investors' expectations.

Shares of high-end tool maker Snap-On rose after it eked out growth despite supply-chain challenges and gloomy customer sentiment.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-23-26 1729ET