Price/Volume Alert: Airlines (UAUA, JBLU)

Posted in pre-market 
August 21st, 2008

Higher gas costs are already rolling back into hitting airline stocks.  As some of these have risen 3-fold or more from lows after the last $30+ drop in oil prices per barrel, any rise in black gold takes a toll.

  • UAL Corporation (NASDAQ: UAUA) closed yesterday at $12.40 and the last trade at 9:03 AM EST was at $11.23 (-9.44%) on about 173,000 shares.
  • Jetblue (NASDAQ: JBLU) is also lower after a $5.46 close with shares down about 3.5% at $5.27 on about 6,200 shares.

NASDAQ airlines are treated as a pre-market trader proxy for day oil-bet trades by many right now because of the more transparency.

Jon C. Ogg
August 21, 2008

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