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Wall Street airlines - As oil gains, down day for airline stocks - UPDATE 1
AFX
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SAN FRANCISCO (AFX) - Airline stocks closed lower on Monday as a one-week high in crude oil prices weighed on the sector with shares of JetBlue Airways, Northwest Airlines and Delta Air Lines among the decliners.
The Amex Airline Index fell 0.7% to 50.59 points.
Among the session's advancers, ExpressJet Holdings added 2.2% to $10.07. Continental Airlines rose 0.5% to $15.40.
Last week, ExpressJet and Continental both reported second-quarter profits despite record jet fuel prices.
Meanwhile, Delta stock fell 2.3% to $3.40 with more than 5.1 million shares changing hands -- the most active in the group.
Southwest Airlines slipped 1% to $14.26.
Northwest Airlines lost 3.3% to $4.45.
Outside the index, America West Holdings rose 2.6% to $8.28.
Last week, the Air Transportation Stabilization Board signed off on the combination of America West and bankrupt US Airways . The ATSB has backed debt for both airlines.
Frontier Airlines fell 4% to $11.92.
Shares of Brazil's GOL Linhas Aereas Inteligentes S.A. lost 2.3% to $28.64. The low-fare carrier announced it is ordering more Boeing Co. 737s as part of its expansion plans.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
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