Investor's Business Daily - Investing RSS http://feedproxy.google.com/~r/InvestingRss/~3/fDiE5vlSpyA/123014-732672-airline-stocks-hit-new-highs.htm Airline stocks gained altitude Tuesday, with seven of the 20 members of the Transportation-Airline industry group cruising to new highs. The reason is obvious: Jet fuel is an important cost for operating an airline, and oil prices have been falling, improving margins for the highfliers. Most are extended from bases and not near buy points. The price of oil was little changed Tuesday. The industry group is ranked No. 1 out of 197 industry groups,
No comments:
Post a Comment