Not a good day today on Wall Street for airline stocks. As usual, the bogeyman is oil. With oil futures climbing as much as 2% this morning, airline stocks have felt the pain.

As I write this, the price of a barrel of crude is running at $62.65 –down a bit from a morning-high of 63.25.

This run-up appears to be a continued to reaction to energy inventory levels which were reported Wednesday by the DOE. Those numbers showed gasoline inventories down — again. Not what traders wanted to hear.