ALK Stock Price – Alaska Air Group Inc. Stock Quote (U.S.: NYSE)

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Airline stocks set for broad rally after United’s results back up Delta’s upbeat report

Airline stocks are getting a big boost in premarket trade Wednesday, as better-than-expected earnings from UnitedContinental Holdings Inc. , in the wake of Delta Air Lines Inc.’s upbeat results last week, provided a bout of optimism for the host of companies reporting next week. United’s stock soared 5.7% ahead of the open, after reporting results late Tuesday, while Delta shares surged 3.4%. Among the air carriers scheduled to report next week, shares of American Airlines Group Inc. ran up 4.1%, Southwest Airlines Co. climbed 2.2%, Southwest Airlines Co. rallied 2.2%, Alaska Air Group Inc. gained 0.4% and Spirit Airlines Inc. tacked on 1.7%. Also helping the group, crude oil futures fell 0.5%, after rising 5.1% over the past three months. Wednesday’s sector rally comes as the NYSE Arca Airline Index has dropped 14.4% year to date, while the Dow Jones Transportation Average has edged up 1.3% and the Dow Jones Industrial Average has advanced 4.4%.





Source : MTV