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0.000624946737494021 0.00109839123559541 0.00121675236012085 -0.000321942258708934 0.00157183573369698 -0.00197899800206415 -0.00600327623592683 -0.00801541535285817
Stock impact report

Airline stocks fall as crude oil price jump boosts costs [MarketWatch]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: MarketWatch
Airline stocks fall as crude oil price jump boosts costs Shares of airline companies were broadly and sharply lower Monday, as a big jump in crude oil prices helped raise concerns over input costs and the impact of higher prices on demand. The NYSE Arca Airline Index XAL, -2.86% slumped 2.3%. Among the sector's more-active stocks, American Airlines Group Inc. AAL, -3.00% dropped 2.8%, Delta Air Lines Inc. DAL, -3.93% slid 3.8%, United Continental Holdings Inc. UAL, -2.94% shed 2.9%, Southwest Airlines Co. LUV, -3.06% gave up 2.9% and JetBlue Airways Corp. JBLU, -2.82% fell 2.9%. "The airlines continue to aggressively raise fares where they are able as they look to offset the rise in jet fuel costs," said Cowen & Co. analyst Helane Becker. Crude oil futures CLX8, +1.86% ran up 2.2%, after the Organization of the Petroleum Exporting Countries met over the weekend but delivered no formal plan to boost output to offset a decline in supply caused by the U.S.'s sanction Show less Read more
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