US Airways Hiring Pilots; Airline Stocks Slump On Higher Oil

From MarketWatch:

“US Airways said Wednesday it plans to hire more than 350 new pilots with training dates beginning in November 2007. The Tempe, Ariz.-based airline also said it will move 140 pilots, who currently fly for US Airways Express carriers, back to mainline flying after they were furloughed several years ago. US Air said its pilot staffing needs are being driven primarily by retiring pilots. US Airways shares fell 3.9% to $29.94 in Wednesday morning trade.”

Now Hiring

Speaking of falling airline stocks — it’s not just LCC. With oil prices hitting new all-time highs, it’s not a good day for airline stocks across the board today on Wall Street.

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