25-Jan-2011 4:05 PM
US airline stocks rebound on Monday
Analysis
US airline stocks enjoyed solid gains on Monday following a sell-off last week. Republic and Delta gained the most (+4.3% and 4.2%, respectively), while US Airways erased some of Friday's losses.
Summary
- US airline stocks rebounded on Monday after a previous week's sell-off.
- Republic and Delta saw the highest gains, with increases of 4.3% and 4.2% respectively.
- US Airways managed to recover some of its losses from Friday.
- The NYSE Arca Airline Index rose by nearly 1% to 46.45 points.
- 10 out of the 13 components of the index traded up.
- The airline sector benchmark had a significant decline of nearly 7% the previous week, compared to less than 1% for the S&P 500 Index.
The NYSE Arca Airline Index gained nearly 1% to 46.45 points with 10 of its 13 components trading up. The sector benchmark lost nearly 7% last week against a less than 1% decline for the Standard & Poor's 500 Index.
Selected North American airlines daily share price movements (% change): 24-Jan-2011
