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Wall Street airlines - Airline stocks pace broader market's move higher
AFX
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SAN FRANCISCO (AFX) - Airline stocks traded mostly higher on Wednesday morning as the group paced the market's broad move upwards.
The Amex Airline Index added 0.4% to $48.13 as volatile crude oil prices were last down ahead of U.S. supply data.
Southwest Airlines , which reports its second-quarter results on Thursday, fell 0.3% to $13.66. Analysts expect the carrier's profit to rise to 18 cents a share, according to Thomson First Call.
Delta Air Lines was unchanged at $3.40.
Continental Airlines rose 0.4% to $14.16. JetBlue Airways is going to offer flights from Newark Liberty International Airport, which Prudential Equity Group analysts wrote could be mildly negative for Continental.
World Air Holdings fell 7.7% to $12.51. The company said that it has delayed its 8-K filing with the Securities and Exchange Commission regarding the results of privately held North American Airlines, which it is acquiring. World Airways is re-auditing the company's 2004 results.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
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