BUZZ-US airline stocks gain as oil prices slide

United Airlines Holdings -4.58% Pre
Southwest Airlines Co. -7.34% Pre
American Airlines Group Inc. -4.44% Pre
Delta Air Lines, Inc. -2.03% Pre

United Airlines Holdings

UAL

86.53

86.96

-4.58%

+0.50% Pre

Southwest Airlines Co.

LUV

38.61

39.00

-7.34%

+1.01% Pre

American Airlines Group Inc.

AAL

10.55

10.61

-4.44%

+0.57% Pre

Delta Air Lines, Inc.

DAL

57.94

58.29

-2.03%

+0.60% Pre

** Shares of U.S. airlines rise in morning trading on lower oil prices

** Oil prices down about 1.5% following the biggest jump in U.S. crude inventories in three years and more progress in U.S.-Iran talks over nuclear dispute

** Brent crude futures .LCOc1 down 95 cents, or 1.3%, at $69.90 a barrel, while WTI futures .CLc1 down $1.06, or 1.6%, at $64.36

** Jet fuel, a refined petroleum product, accounts for a significant share of airlines’ operating costs, and even modest price moves can affect their profitability

** American Airlines AAL.O up 4.4%, United Airlines UAL.O rises 3.4%, Delta Air Lines DAL.N up 2.7%, Southwest Airlines LUV.N up nearly 2%

** Dow Jones U.S. airlines index .DJUSAR up 1.5% on the day


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