Airline stocks rally as crude prices drop to lowest level since April

NEW YORK - Shares of airline companies rallied in morning trading Tuesday as crude oil prices fell sharply, dropping to their lowest price since April.
October crude futures tumbled $7.25 to $108.21 a barrel, the lowest price seen for that contract since April. The contract has now lost 27% since hitting an all-time high of $147.90 in intraday trading on July 11.
The Amex Airline Index rose 11% to trade at $26.93, up 53% from a recent low of $12.66 reached on July 18. More... Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty News