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    Wednesday, November 18, 2009

    Airline Stocks Fall As Oil Tops $80

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    By Christopher Hinton
    MarketWatch Pulse
       

      NEW YORK - Airline stocks declined early Wednesday as the price for oil surged past $80 a barrel. At last check, the NYSE Arca Airline Index fell a fraction to 27.08 with six of its 13 components in the red. Shares of Continental fell nearly 1% to $13.57, United parent UAL Corp. declined 1% to $7.41 and US Airways slipped a penny to $3.34. Up fractionally were shares of Alaska Air , Southwest , and Gol Linhas , and Ryanair . Tam Sa rose 2.8% to $17.27. Crude oil for December delivery rose 95 cents, or 1.2%, to $80.09 a barrel in electronic trading.

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