Airline stocks rally after winter snowstorm weakness
Airline stocks, after dipping on Tuesday ahead of winter storm Quinn, are bouncing back in Thursday morning trading. Despite over 3,000 domestic flights being canceled on Wednesday and Thursday, and some areas of the Northeastern United States getting as much as three feet of snow, shares of airlines, including American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL), are all trading higher on a day when the broader markets are nearly flat. American Airlines is higher by 2.7%, Delta is up 2.4%. JetBlue is rising 2.2%, Southwest is higher by almost 2%, and United Continental is up 3.8%.