Airline Shares Rebound as Crude Oil Prices Fall
Major airline shares rose Monday as crude prices fell sharply. JetBlue gained nearly 11% by midday, while Alaska Airlines rose 9%.
By Anita HamiltonAfter bearing the brunt of rising jet fuel prices, caused by supply constraints due to the Iran war, shares of major airlines were buoyed Monday as crude oil prices fell sharply.JetBlue's stock was the biggest gainer, rising nearly 11% by midday, with Alaska and United up 9% and 6…