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Wall Street airlines - Airlines mixed as legacy airlines ready to report
AFX
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SAN FRANCISCO (AFX) - Airline stocks traded mixed on Monday with shares of AMR Corp. up 2.1% ahead of the American Airlines parent's quarterly results expected later this week.
AMR, like its peers among the oldest and biggest U.S. airlines, will roll out its second-quarter financial report this week.
For the giant airline, analysts' consensus estimate is for a loss but the range of estimates compiled by Thomson First Call shows some expect a profit. AMR is not alone with the consensus loss estimate but a range of expectations that includes per-share earnings.
The Amex Airline Index was unchanged at 50.88 as crude oil prices slipped.
AMR gained 27 cents to $13.83. Also reporting this week, Delta Air Lines rose 1.3% to $3.90.
And Northwest Airlines fell 2.1% to $4.65 while Continental Airlines fell 0.9% to $14.97.
Southwest Airlines , which kicked off earnings season last week with a stronger than expected profit, rose 0.1% to $14.23.
Also lower, America West Holdings fell 0.4% to $6.90.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
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