Sector Snap: Airline shares mixed

AP News
|
Posted: Dec 14, 2009 3:56 PM

Shares of major airlines were mixed Monday as oil prices continued to fall while the broader stock market edged up.

Benchmark crude for January delivery fell 36 cents to settle at $69.51 on the New York Mercantile Exchange after falling as low as $68.59.

On Wall Street, the Dow Jones industrial average rose 30.31, or 0.3 percent, to 10,501.81 in afternoon trading. The Standard & Poor's 500 index rose 6.84, or 0.6 percent, to 1,113.25, while the Nasdaq composite index rose 18.70, or 0.9 percent, to 2,209.01.

The Amex Airline index, meanwhile, was up less than one-tenth of 1 percent.

Among airline stocks, Delta Air Lines Inc. fell 16 cents, or 1.4 percent, to $11.09, while shares of American Airlines parent AMR Corp. fell 4 cents to $7.65 and United Airlines parent UAL Corp. rose 48 cents, or 4.4 percent, to $11.47.

Shares of Continental Airlines Inc. rose 42 cents, or 2.4 percent, to $18.21, while shares of US Airways Group Inc. lost 2 cents to $4.81.

Southwest Airlines shares rose 2 cents to $10.92, while JetBlue Airways Corp. fell 9 cents, or 1.5 percent, to $5.83 and shares of AirTran Airways parent AirTran Holdings Inc. gained 10 cents, or 1.9 percent, to $5.32.