Airline Stocks Slump As Oil Prices Jump

By Tomi KilgoreMarketWatch Pulse

Airline stocks were broadly lower Tuesday, as oil prices jumped, and in the wake of news late Monday that an American Airlines Group Inc. flight made an emergency landing after the pilot died in the cockpit. The NYSE Arca Airline Index dropped 1.1%. Among the sector's more active shares, American Airlines slumped 1.2%, Southwest Airlines Co. shed 2%, Delta Air Lines Inc. declined 1.3%, JetBlue Airways Corp. fell 2.1% and United Continental Holdings Inc. lost 1.9%. Meanwhile, crude oil futures climbed 3.4% amid hopes for supply cuts, after Russia's energy minister said he was prepared to meet with the Organization of Petroleum Exporting Countries to discuss the oil market.

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