Airline Stocks Take Flight On Plunging Oil Prices

Investors.com http://ift.tt/1CoBJcG Virgin America (VA) and other airline stocks took flight Friday after OPEC decided to keep oil production levels steady. Fuel typically accounts for one-third of airlines' expenses, so lower oil prices mean higher margins and profitability for carriers. West Texas Intermediate fell nearly 6% Friday to $69.32 a barrel, the lowest since 2010, while Brent crude was up 0.4% to $72.83. Virgin shares rose 3% in the stock market today. United Continental