Airline Stocks: Carnage Continues – How Low Will They Go?

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Looked at your favorite airline stock today? It’s ugly. Again.

Once again, oil goes up and airline stocks go down. As of this writing, oil is up about $2, trading at around $92/barrel.

Eye-opening stock price for the day? JetBlue. Shares, as of about 11:30 CT, were trading at $6.51.

But the biggest loser so far today? Shares of US Airways. Interesting thing here is the volume. The volume in LCC  trading has already hit its daily average, and we’re not even at 1:00 ET yet. Very heavy volume, and as of this writing, shares are now down 9%, trading at around 16.05.

Interestingly, Delta Air Lines’ shares are having another rough day as well, and are also very active.

Shares here are down 7% as of this writing, hovering around the 15.91 mark. Again, as I said, very heavy volume here as well.

While volume is not as heavy in trading of Northwest Airlines’ shares, the drop is just as bad. Shares here are now running down 7%, at around 16.51.

As for that hoped-for “bump” in the share price of United Airlines — that $250 million shareholder giveaway bump was pretty short-lived. Shares here are running today down 5%, at 37.09.

Ticker: (Nasdaq:UAUA); (NYSE:NWA); (NYSE: LCC); (Nasdaq: JBLU)

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