Stock Prices
 

Can someone answer this question? On a day when oil prices have reached another record high of over $135, why are most airline stocks up? I dont get this!

Because they can only go so low? =) J/K.

Lets hope so! I just dont get the stock markets. Seems like if someone breathes the wrong way things just go haywire. To me there seems to be no logic to it, maybe Im just ignorant!

It's because oil is down to around $132 at this time.


http://www.321energy.com/charts/tmp/chart.jpg

Not SKYW. Their stock is down about $3 in the past two days.

i was going to say the same thing. my buddy said their stock has gone from 25 dollars to 15 almost overnight. pinnacle is trading at a whopping 7dollars!!

Alot of airlines are still struggling though. Regionals like ExpressJet, MESA, and Republic are some of the biggest price decliners for the past couple of days. American and other legacies are also taking the hit

Look at yesterday's trading. The airline sector took an absolute beating, so it's common to have a small rebound after such a dip.

XJT was down 53% today at one point to set a new 52 wk (and all-time) low after they announced their 30% schedule reduction

Buy Buy Buy!