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Hundred dollar oil - LCCs and network airlines face up differently

Oil prices hit USD100 for the first time yesterday in New York

trading. The psychological barrier was touched; market feeling is that prices

will head higher in the short term.

Faced with this and other discouraging indicators, US airline

stocks fell to their lowest level in 12 months, according to Amex’s Airline

Index. The major airlines’ stock prices fell by around 2.5% for the day.

US Airways was down 4.4%. But share prices of US LCCs, Southwest, AirTran, Alaska

Air and JetBlue have so far held up reasonably well.

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