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Article: Sector Snap: Airline shares mostly lower
- Article from:
- AP Online
- Article date:
- June 12, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Airline shares were mostly lower Friday as oil prices took a breather and slid lower and the overall market declined.
Benchmark crude for July delivery fell 77 cents to $71.91 on the New York Mercantile Exchange, the first time oil prices have fallen in several days.
In afternoon trading, the Dow Jones Industrial Average rose 24.63 to 8,795.55. The broader Standard & Poor's 500 index rose 0.19 to 945.08, and the Nasdaq composite index fell 10.26 points to 1,852.11.
The AMEX Airline Index was unchanged.
Alaska Air Group Inc., operator of Alaska Airlines and Horizon Air, said its board approved the buyback of up to $50 million of its common shares. The ...