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Airline sector given a lift by investors

  • Airline stocks are higher as investors take a hard look at the sector seen by some analysts as undervalued.
  • On the macroeconomic front, a read on consumer confidence came in very positive today and oil prices are cooperating, while on the corporate site a major hire at United Continental (UAL +7.8%) is being well-received.
  • Notable gainers include SkyWest (SKYW +2.7%), Allegiant Travel (ALGT +2.1%), American Airlines Group (AAL +1.9%), and Delta Air Lines (DAL +1.6%).
  • Related ETF: JETS.

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UAL--
United Airlines Holdings, Inc.