The
Amex airline index was down 3.6 percent, and US Airways shares dropped 4 percent.
Amex Airline index provides broad cross section of industry.
And virtually all airline shares were lower in 2007, with the
Amex airline index falling about 40 percent amid high fuel prices, sagging demand and economic jitters.
MarketWatch reported that the
Amex airline Index fell to its lowest level in 10 months yesterday before bouncing back to 46.98, up 1.3%.
Oil topped $93 per barrel, bringing the
Amex Airline index down .5%, with eight of the 13 index stocks edging downward.
The
Amex airline index was down 2.72 percent in morning trade.
The
Amex Airline Index rose 1.6 percent to 47.99 in light trading on the Columbus Day holiday, after jumping 7.7 percent last week.