Airlines Take Off As Oil Falls (AMR, UAL, RJET, DAL, JBLU)

Tickerspy’s Airline Index

AIRLINE INVESTING IDEAS

• Popular long ideas: LUV, AAMRQ, DAL
• Popular short ideas: AAMRQ, UAL, DAL
• Top dividend plays: DAL, SKYW, LUV
• Pro favorites: DAL, UAL, LCC

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AIRLINE COVERAGE

These companies transport people around the world by air

• Airlines Find Friendly Skies As Oil Continues To Plunge (DAL, AMR, JBLU, LCC, LUV, ALK, UAL, GOL, TAM, ZNH)
• Airlines Fly Higher As Oil Is Grounded Again (DAL, UAL, AMR, LUV, GOL, ZNH, CEA)
• Airlines Soar On Earnings and Expectations (DAL, HA, AMR, LCC, JBLU, UAL, LUV)

AIRLINE CHART

AIRLINE METRICS

Avg. Market Cap:	$4.9B
Avg. P/E Ratio:	15.2
Avg. Div Yield:	0.2%

On Thursday the International Energy Agency announced that the United States and 28 other nations will release 60 million barrels of oil reserves. Roughly 30 million barrels will come from the United States with the other nations contributing the remainder, according to the New York Times. This action was decided on as a way to reduce the current costs of energy that have been hampering businesses and consumers.

The news is helping the Airline Stocks Index, up 1.8% today, and one of the few bright spots in the market. Due to the war in Libya began, the global supply of oil has been reduced by more than 140 million barrels, according to the New York Times, citing government estimates. This has caused the price of oil to top out around $100 a barrel, which has increased the costs to airlines significantly.

The news is helping many members of the Index, with shares of AMR (AMR) and United Continental Holdings (UAL) both up more than 5%. Elsewhere in the Index, Republic Airways Holdings (RJET) and Delta Air Lines (DAL) are tacking on more than 4%. Shares of JetBlue Airways (JBLU) are contributing 2%.

Investors can track the Airline Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: AMR, DAL, JBLU, RJET, UAL