Airline stocks were in the green Tuesday following positive international premium growth data for December and optimism over joint ventures between U.S. and foreign carriers.
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Earlier, the International Air Transport Association said premium travel on international markets grew for the first time in 19 months in December to a level 1.7% above prior-year data.
Delta Air Lines, Inc. (NYSE:DAL) jumped 6.30% to $12.57 on high volume.
AMR Corporation (NYSE:AMR) surged 6.60% to $9.05. AMR Corporation (AMR) operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American).
Continental Airlines, Inc. (NYSE:CAL) rose 6% to $19.98 on high volume.
UAL Corporation (NASDAQ:UAUA) shares gained 0.50% to $16.02. UAL Corporation (UAL) is a holding company whose principal subsidiary is United Air Lines, Inc. (United). Most of UAL's revenue during the year ended December 31, 2008, was from United's airline operations.
US Airways Group, Inc. New US A(NYSE: LCC) soared 9% to $6.88 on very high volume.
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