Delta Air Lines Inc., United Continental Holdings Inc., Southwest Airlines Co., US Airways Group Inc. and JetBlue Airways Corp. all hit new 52-week highs. Shares of AMR Corp., which are trading over the counter, rose 2 percent after reaching a 52-week high on Friday.
Ryanair CEO Michael O'Leary said about 75 of the new-order 737s will replace older airplanes, and the fleet will grow to 400 by 2019. He said Ryanair expected passenger volume to grow around 20 percent to 100 million passengers by 2019.
That news came a day after Indonesia's Lion Air signed a deal worth about $24 billion to buy 234 planes from Airbus. That deal was the largest ever for the French company.
In afternoon trading, Delta shares rose 19 cents to $16.46 after peaking at $16.73; United rose 28 cents to $31.48 after reaching $31.98; Southwest shares were up 6 cents at $12.62, and earlier rose as high as $12.69; US Airways rose 36 cents, or 2.2 percent, to $16.65 after peaking at $16.85; and JetBlue was down a penny at $6.89 after rising to $6.98.
Shares of AMR Corp., the parent company of American Airlines, rose 12 cents, or 3.1 percent, to $3.97 after peaking at $4.15.