28-May-2008 10:15 AM
Airline stocks surge as crude drops below $129 a barrel
Analysis
New York (Thomson Financial) - Airline stocks were sharply higher Tuesday, with a tumble in crude oil prices helping to fuel gains. The Amex Airline Index climbed 3.7% to 18.69, one session after hitting an all-time low of 17.87 in intraday trading. The airline sector tracker is still down 20% since the end of April, and 46% since the end of 2007.
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