US Airways Jumps 12 percent to Lead Airline Sector Higher
May 26, 2010 | Airlines Companies, Aviation, Trading & Market, US Airways
US Airways Group (LCC 8.50, +0.69, +8.84%) shares jumped almost 12% to $8.73 in early trading on Wednesday to lead a broad advance in the airline sector after J.P Morgan Chase & Co. upgraded the stock. The NYSE Arca Airline Index rose 4.7% to 37.39 points and has now gained 11% since the beginning of the year. All 13 components in the benchmark were in positive territory, with AMR Corp. (AMR 7.54, +0.40, +5.53%) gaining 9% and Continental Airlines (CAL 21.18, +1.26, +6.33%) up more than 7%.
