Airline Stocks Closed Higher (LCC, DAL, AMR, ALK)
US Airways Group, Inc. (NYSE:LCC) soared 6.11% to $9.55 on about 10.86 million shares. Last week, the company said that it flew fuller planes in September and expects to be profitable this year, as travel demand continues to show signs of rebounding.
The stock opened at $9.02 and traded within the range of $8.94-$9.57. The stock went up more than 96% year-to-date.
Delta Air Lines, Inc. (NYSE:DAL) added 1.56% to $11.41 on about 12.22 million shares. Last week, the company its total September traffic rose 6.5% to more than 16 billion revenue passenger miles from 15.13 billion revenue passenger miles a year ago. Total September capacity rose 6.6% to 19.53 billion available seat miles from a year ago.
Volumes were high today at 12.22 million shares- more than 2X its average daily volume.
AMR Corporation (NYSE:AMR) surged 2.58% to $6.37 on over 9.60 million shares. The company is scheduled to report third-quarter results on Wednesday, October 20, 2010. Analysts, on average, expect the company to report earnings of 35 cents a share on revenue of $5.84 billion.
The stock opened at $6.20 and traded within the range of $6.14-$6.39. The stock went down more than 18% year-to-date.
Alaska Air Group, Inc. (NYSE:ALK) gained 0.64% to $47.32. Last week, the chief executive of Alaska Air Group Inc. denied giving inside information to a hedge-fund firm after a media report Thursday said he was being investigated by the Securities and Exchange Commission.