Holy Smokes.....Bad Day For Airline Stocks on Wall Street
After a week in which airline stocks managed to hold their own -- shares of many airlines were beaten into the ground today, as oil picked up 1.04, closing at 136.40.
Look at some of these one-day double digit drops: Continental ended the day down 16%, closing at 11.96; Delta ended down 12%, closing at 5 bucks even; US Airways lost 19%, closing at 2.54; Northwest lost 17%, closing at 5.51; Mesa was down 14%, ending the day at 48 cents; and United Airlines lost 15%, closing at 6.09.
Horrible day on Wall Street for the things with wings.