Price/Volume Surge: Airlines On Oil (LCC, NWA, JBLU, AMR, DAL, CAL, UAUA)

Posted in General 
June 25th, 2008

We are seeing a sudden price/volume surge as oil has just dropped $4.00 per barrel after the inventory numbers rose at 10:30 AM EST. These are the price percentage moves seen in these stocks as of 10:47 AM EST:
US AIRWAYS GROUP INC (LCC) +8.56%
NORTHWEST AIRLINE (NWA) +5.07%
JETBLUE (JBLU) +4.5%
A M R CORP. (AMR) +6.50%
DELTA AIR LINES NEW (DAL) +6.34%
CONTL AIRLINES CL B (CAL) +7.03%
UAL CORP (UAUA) +4.83%

Whether or not these moves hold is something else altogether.

Jon Ogg
June 25, 2008

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