This morning, all of the leading airline stocks are trading higher. This sector has been fairly strong since mid-March 2012, which is exactly when oil topped out, trading as high as $110.00 a barrel. As we all know, oil is the largest expense for an airline outside of labor costs. Today, light-sweet crude is trading lower by 0.72 cents to $82.60 a barrel.
UAL
United Continental Holdings Inc (NYSE: UAL) is considered one of the leading stocks in the airline sector. Today, UAL stock is trading higher by 0.65 cents to $22.67 a share. Short-term traders should watch for intra-day resistance around the $23.00 area. The UAL daily chart is still trading above the important 200-day moving average, which is favorable for a little more upside.
Others Up
Some of the other leading airline stocks that are trading higher today include Spirit Airlines Incorporated (NASDAQ: SAVE), US Airways Group Inc (NYSE: LCC) and Delta Air Lines Inc. (NYSE: DAL). Please remember, oil prices will continue to cause airline stocks to remain volatile.