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Thursday, November 05, 2009
Airline Stocks Up With Southwest Airlines
By Christopher Hinton
MarketWatch Pulse
NEW YORK - Airline stocks climbed early Thursday with Southwest Airlines reporting October traffic growth and fuller planes. At last check, the NYSE Arca Airline Index rose 1% to 24.20 with all of its 13 components climbing higher. The benchmark Dow Jones Industrial Average rose nearly 90 points to 9,892. Shares of US Airways added 1.7% to $2.97, Continental [s; cal] rose 1.6% to $11.72 and Southwest climbed 1.7% to $8.34. Airlines have been issuing their October traffic numbers over the last week with most results showing traffic growth and fuller planes, pointing to a potential future of airfare hikes.
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