FILE - In this June 14, 2008 file photo, a woman waits in line with luggage to check in for an American Airlines flight at Reagan National Airport in Arlington, Va. It will be several months, if not years, before passengers see any significant impact from the American-US Airways merger. (AP Photo/Brian McDermott, File)
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FILE - In this June 14, 2008 file photo, a woman waits in line with luggage to check in for an American Airlines flight at Reagan National Airport in Arlington, Va. It will be several months, if not years, before passengers see any significant impact from the American-US Airways merger. (AP Photo/Brian McDermott, File)
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FILE - In this Sunday Dec. 27, 2009 file photo, passengers walk past US Airways planes at Reagan National Airport in Washington. It will be several months, if not years, before passengers see any significant impact from the American-US Airways merger. (AP Photo/Jacquelyn Martin, File)
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FILE - In this June 23, 2008 file photo, a US Airways jet takes off as an American Airlines jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. The merger of US Airways and American Airlines has given birth to a mega airline with more passengers than any other in the world. (AP Photo/Matt York, File)
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FILE - In this Feb. 7, 2013 file photo, a US Airways jet taxis past an American Airlines jet parked at the gate at Sky Harbor International Airport in Phoenix. The merger of US Airways and American Airlines has given birth to a mega airline with more passengers than any other in the world. (AP Photo/The Arizona Republic,Tom Tinkle, File) MARICOPA COUNTY OUT; MAGS OUT;
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FILE - In this Saturday, Dec. 10, 2011, file photo, a plane flies over New Jersey with the full moon in the background, in Newark, N.J. The merger of US Airways and American Airlines has given birth to a mega airline with more passengers than any other in the world. (AP Photo/Julio Cortez, File)
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Graphic shows annual domestic air traffic and key mergers for selected airlines
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In this Thursday, Oct. 11, 2012 photo, an American Airlines Boeing 757 passenger jet takes off as another waits on the taxiway at Miami International Airport in Miami. Directors of American Airlines' parent company likely won't make a decision when they meet Wednesday, Jan 9, 2013, to consider a possible merger with US Airways, even as momentum for a deal is building. Investors have been bidding up US Airways' stock price, and leaders of the two pilot unions agree on how to combine contracts, two developments that analysts say strengthen the case for a tie-up. (AP Photo/Wilfredo Lee)
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FILE - In this June 23, 2008 file photo, a US Airways jet takes-off as an American Airlines Jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. The parent company of American Airlines has entered a non-disclosure agreement with U.S. Airways that will allow the companies to discuss combining the companies. AMR Corp., which is in Chapter 11 bankruptcy reorganization, and U.S. Airways Group Inc. said Friday, Aug. 31, 2012, that they've agreed not to talk to other parties about any potential combination while they are evaluating their situation with each other. (AP Photo/Matt York, File)
Sector Snap: Airlines
NEW YORK (
AP) — Shares of major U.S. airlines soared Tuesday in a week when a pair of overseas airlines placed major orders for planes, boosting investor hopes that the demand for air travel may be rising.
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.
Ireland's Ryanair said Tuesday that it will buy 175 aircraft from Boeing, marking the biggest-ever order of Boeing planes by a European airline.
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.
Lion Air is a major player in the Indonesian market and also gave Boeing its largest-ever order when it finalized a deal last year for 230 planes from the Chicago airplane manufacturer.
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.
Tags:
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