The Amex Airline Index was up a fraction, with seven of 10 component stocks marking gains. Helping all shares was a barrel of oil dropping $1.05 to $58.91 on the New York Mercantile Exchange, as traders continued to mull reports that OPEC members will cut production.
Airline shares rose in mixed trading Tuesday afternoon, with Credit Suisse optimistic about Continental Airlines Inc. and pessimistic over Southwest Airlines Co.'s stock price.
Airline shares slipped in Monday midday trading, hurt by rebounding oil prices. The Amex Airline Index fell 1.3 percent, with 8 of its 10 component stocks marking declines.
The Amex Airline Index fell 1.3 percent, with 8 of its 10 component stocks marking declines. Hurting airline shares was the price of a barrel of oil jumping $1.18 to $60.94 on the New York Mercantile Exchange, as traders continue to mull reports of possible OPEC production cuts.
Airline shares slipped in Monday midday trading, hurt by rebounding oil prices. The Amex Airline Index fell 1.3 percent, with 8 of its 10 component stocks marking declines. Hurting airline shares was the price of a barrel of oil jumping $1.18 to $60.94 on the New York Mercantile Exchange, as traders continue to mull reports of possible OPEC production cuts.
Alaska Airlines flights in August were on time only 68.5 percent of the time, which was the 18th worst of the 20 airlines surveyed by the federal government.
The nation’s largest airlines recorded a higher rate of on-time flights and a lower rate of cancellations this past August than in either the previous month or August of last year, according to the Air Travel Consumer Report released today by the U.S. Department of Transportation (DOT).
