S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Re-Rise in Crude Plays Games With Airlines (AMR, LCC, UAL, LUV, FAA)

Photo of Jon C. Ogg
By Jon C. Ogg Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Crude oil is already the most volatile of all economic factors for airlines and their earnings.  Last week we saw oil drop from $110 to under $100 in very short order and Thursday’s gains in the sector were more than impressive.  But on Monday we have just seen more than a $5.00 rally in crude to $102.24 per barrel.

We wanted to take a look at the price difference from last Thursday afternoon when shares were up so much late in the afternoon after oil’s huge drop that day.

AMR Corporation (NYSE: AMR) is down 3% at $6.36 versus $6.59 late on Thursday; and US Airways Group, Inc. (NYSE: LCC) is down 3.1% at $9.40 today versus $10.05 late on Thursday.

United Continental Holdings, Inc. (NYSE: UAL) is down not even quite 1% at $25.42, but this is down from $26.22 late on Thursday when oil was down so much.

Southwest Airlines Co. (NYSE: LUV) was one we did not cover last Thursday as it seems to be less currency-dependent as it is effectively all domestic and it seems to be less dependent upon oil prices in comparison to the legacy carriers.  Southwest’s stock is holding up the best as shares are down only 0.45% at $12.06 today.

The Guggenheim Airline ETF (NYSE: FAA) is down 1.7% at $37.72 but it is on thin volume.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Paul Ausick |

Airlines Slaughtered on Iraq and Oil

ThinkstockU.S. airlines’ stocks are taking a beating Thursday afternoon as investors react to the turmoil in Iraq and the related…

Jon C. Ogg |

Value Stock Reboot in Airlines as the Easy Money Has Already Been Made

ThinkstockThe airlines sector in transportation has done very well in this recovery. It turns out that lowering capacity, merging rivals,…

Chris Lange |

Have Airline Stocks Rallied Too Much on Lower Oil Prices?

The runs in airline stocks have been so strong over the past month or so that one question has to…

Airlines Reduce Employees With Early Retirement, Extended Leave Plans
Paul Ausick |

Airlines Reduce Employees With Early Retirement, Extended Leave Plans

U.S. airlines' offers to employees to take early retirement or other extended leaves are being accepted by significant proportions of…

Jon C. Ogg |

Airlines Squeezed On All Fronts

The airline industry was looking like it was all set for recovery just last week.  Despite the economic softness, three…

Jon C. Ogg |

Falling Oil Puts Airline Sector Up In First Class (UAL, DAL, LCC, LUV)

Is the economy so weak that the summer and rest of 2012 will be punishing on the airline industry?  Apparently…

Warren Buffett Hits Turbulence Betting on Airline Stocks
Jon C. Ogg |

Warren Buffett Hits Turbulence Betting on Airline Stocks

24/7 Wall St. has outlined the stakes taken by Berkshire Hathaway in airlines, how the stocks have acted on April…

Why Good News From 3 Top Airlines Can’t Keep Their Stocks Flying Higher
Jon C. Ogg |

Why Good News From 3 Top Airlines Can’t Keep Their Stocks Flying Higher

The comorbidity of the instant recession and COVID-19 has caused severe damage to anything tied to tourism. The airline industry…

Douglas A. McIntyre |

52-Week Low Club (AIR, AVR, LNG, CLX, CTAS, DELL, XXIA, LNET, MNST, PNCL, SSCC)

These are far from all of the lows, but these are many highlighted stocks that traders will care about.  The…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820