American Airlines Jumps 7%, United Climbs 6%, JetBlue Rises 5% as Falling Fuel Costs Lift Airline Stocks Quick Read – AAL, UAL, and JBLU stocks rose as WTI crude’s drop from $112 to $85 per barrel slashes airlines’ single largest operating expense. – United Airlines leads with…
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Airline stocks are flying higher midday Wednesday as falling jet fuel costs spark a broad-based rally across the sector. American Airlines (NASDAQ:AAL) stock leads the move, with American Airlines shares up 7% to $17 and change in intraday trading. The gain extends an already powerful run for AAL stock.
United Airlines (NASDAQ:UAL) stock is rallying alongside it, with United shares climbing 6% to around $129. JetBlue Airways (NASDAQ:JBLU) stock is also higher, with JBLU shares up 5% to $5.78, a sharp move for a low-priced, more volatile name. The catalyst is straightforward.