Airlines inch higher as crude dips below $70 a barrel
9:47:51 AM ET 6/13/2006
SAN FRANCISCO (MarketWatch) -- Mesa Air Group (MESA) shares added 4% to $9.04 on Tuesday, leading an advance in the airline sector as the price of crude oil drifted below $70 a barrel. The Amex Airline Index ($XAL) added 1% to 46.46 points, with every issue in the 10-component benchmark moving higher with the exception of Alaska Air Group (ALK), which fell fractionally. Other notable gains came from AirTran Holdings (AAI), up 3.6%, and Continental Airlines (CAL), rising 2.4%.
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MESA8.87 +0.18
$XAL46.63 +0.61
ALK35.60 -0.22
CAL24.63 +0.52
AAI11.92 +0.28
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