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JAN 15, 2014 - TheStreet

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Why These Four Airlines are Cruising Lower on Wednesday

NEW YORK (TheStreet) -- United Continental , Southwest Airlines , Delta Air Lines  and JetBlue  were cruising lower on Wednesday, putting a stopper on an industry rallying since the beginning of the year. The likely culprit, oil prices jumped earlier in the day, a factor which will likely depress profitability among airlines. By late afternoon, West Texas Intermediate crude for delivery in February climbed 1.84% to $94.29 a barrel, while Brent crude was 0.68% higher to $107.11 a barrel. Prices were higher after the U.S. Energy Administration reported crude supplies had ... Read More

Tags: Why These Four Airlines are Cruising Lower on Wednesday,  United Airlines Latest News