Jet Fuel Closes A Bit Lower: Not Enough To Get Excited About

Another bizarro day on Wall Street today for airline stocks. The price of oil declines a measly 1.88 to $134.86/barrel and the market bids up airline stocks as though we really had some kind of great news.

Meanwhile, for the week, jet fuel closed at $3.94/gallon. (New York)

Yee haw. Time to run out and celebrate.

Well, maybe not.

One thought on “Jet Fuel Closes A Bit Lower: Not Enough To Get Excited About”

Fido June 14, 2008 at 11:23 am

Holly have you seen the study results over at the BTC website? http://businesstravelcoalition.com/campaigns/consolidation/airline_crisis_report.pdf
Should oil stay above 100 dollars a barrel, things are going to get pretty nasty.

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