Despite oil’s rise, airline stocks (IYT +2.2%) gained altitude today, as Maxim Group's Ray Neidl...

|By:, SA News Editor

Despite oil’s rise, airline stocks (IYT +2.2%) gained altitude today, as Maxim Group's Ray Neidl expects a spring rally in airlines with the worst winter weather behind the industry and strong demand allowing carriers to pass through increased fuel costs to consumers. "Fuel costs may be near their top, which should provide U.S. carriers with a very strong 2012 as fares continue to rise."