Air- Airlines underperform after weekend crash – MarketWatch.com

Posted: July 12, 2013 in Uncategorized

July 8, 2013

NEW YORK (MarketWatch) — Shares of airlines rose along with the market early Monday, though they generally underperformed the main indexes. The action comes after the Saturday plane crash at San Francisco International Airport that killed two and injured more than 180. Beyond negative sentiment around the crash, airlines also are feeling pressure from last week’s jump in oil prices due to turmoil in Egypt, an important transit point for crude. The NYSE Arca Airline Index rose 0.3%, while the major stock indexes were up all up about 0.5%. United Continental Holdings Inc. edged up 0.1%, US Airways Group Inc. gained 0.7% and Southwest Airlines Co. added 0.5%. Boeing Co. , which built the 777 jet that crashed, dipped 0.1%. An air taxi also crashed Sunday in rural Alaska, killing all 10 people aboard.

via Airlines underperform after weekend crash – MarketWatch.com.

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