Airline Stock Soars (AMR, UAUA, LCC, DAL, CAL) : by Penny Stock Pick Report

Most of Airline stocks are edging higher in the opening session. Following are some of the top movers

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AMR Corporation (NYSE:AMR) soared 10% to $8.05 after bankrupt Japanese carrier, Japan Airlines, as Japan Airlines decides to maintain its partnership with American after considering a possible tie-up with Delta (NYSE:DAL). Delta was pushing for Japan Airlines to join its Skyteam alliance to boost passenger traffic. The potential switch of Japan Airlines could be a major blow to American Airlines, as it will leave the Dallas, TX based airline with considerably less presence in the second airline market in the world.

UAL Corporation (NASDAQ:UAUA) soared 14% to $14.82 after said Monday that January traffic rose, and it collected more revenue from each passenger. United said it collected 9.5 percent to 11.5 percent more for each passenger flown one mile in January compared with January 2009.

US Airways Group, Inc. (NYSE:LCC) surged 7.60% to $6.38. The stock has almost doubled in the past 6 months.

Delta Air Lines, Inc. (NYSE:DAL) rose 8.27% to $12.18 on very high volume.

Continental Airlines, Inc. (NYSE:CAL) shares added $1.30 or 7.50% to $18.66.

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