Taking a look at today’s action on Wall Street it’s not a very pretty sight — as airline stocks are once again taking some hits. However, on the good side, the hits are relatively minor, compared to the major body blows the sector has endured over the last week or so.
And this, as oil more or less just sits around $97 a barrel.
Looking at the stocks we track here at PlaneBusiness, as of this posting at around 1:15 PM ET, the losers far outnumber the winners.
Leading the gainers are ADRs of China Eastern Airlines, which are currently trading up 4% at 80.08. The biggest loser for the group are ADRs of TAM. The Brazilian airline’s ADRs are now trading down 4% for the day at 26.78. ADRs of AirFrance/KLM are also down 4%, trading around 36.15 as of this writing.
Continental shares are currently down 2% for the day at 27, while shares of Delta Air Lines are flat at 18.13. AMR, parent of American Airlines, is down about 2%, trading at 20.32, while shares of US Airways are down almost 3%, trading at 19.78.
Shares of United are down almost 1%, trading around 39.94. Southwest shares are down 1%, trading at 13.59, while shares of Northwest Airlines are down almost 2%, trading at 17.50.
Tickers: (NYSE:CEA), (NYSE:TAM), (NYSE:AKH), (NYSE:CAL), (DAL:NYSE), (NYSE:AMR), (NYSE:LCC), (Nasdaq:UAUA), (NYSE:NWA), (NYSE:LUV)
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