No one likes cheaper oil more than the airline stocks. I hate these names, never invest in them and I don’t even trade ’em. That said, they were the biggest winners on the day thanks to the weakness in crude oil.
Check it on the 5 day chart:
The Airline Industry Group (in blue) versus Crude Oil (in red) as represented by USO
Congrats to those who played them. The biggest gainers today seemed to have been the big boys of the sector…
| Leaders in Price Performance (Intraday) | |
| DELTA AIR LINES NEW [dal] | +13.87% |
| US AIRWAYS GROUP INC [lcc] | +10.53% |
| CONTL AIRLINES CL B [cal] | +9.54% |
| A M R CP [amr] | +9.23% |
| UAL Corporation [uaua] | +8.06% |
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