Southwest Airlines And United Airlines Led The Airlines Stock
March 20, 2010 | Airlines Companies, Airlines News, Southwest Airlines, United Airlines
Airline stocks edged higher early Thursday, led by gains from Southwest Airlines and United Airlines.
United UAUA shares climbed 2%. Southwest LUV and American AMR and US Airways LCC rose 1%.
Tracking the sector, the NYSE Arca Airline Index rose 0.5% to 37.86 points, with nine of the benchmark index’s 13 components advancing. The index is up more than 12% so far this year.
In the energy market, oil futures fell 31 cents to $82.62 a barrel on the New York Mercantile Exchange.
In other developments, Virgin America, launched in 2007, is expanding its flight pattern. Virgin said it plans to launch non-stop flights from San Francisco and Los Angeles to Orlando and Toronto.
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